Colombia’s state oil company, Ecopetrol SA, announced that natural gas from its Caribbean offshore projects is unlikely to start flowing before 2029, two years later than initially expected. This delay is a significant concern for the country, which anticipates a substantial natural gas shortfall beginning next year. The current supply-demand gap is around 12% and is projected to increase to 30% by 2026, exacerbating the energy crisis. To address this, Ecopetrol is investing $300 million this year in offshore drilling, marking its highest annual…
