(MENAFN- The Rio Times) Colombia's energy sector is at a critical juncture. The country's gas production has hit a five-year low, with the third quarter of 2025 averaging 1.219 million cubic feet per day, a 15% decline from the previous year.

Despite promising announcements from energy giants Ecopetrol and Petrobras about major offshore gas discoveries, the nation's energy output continues to struggle.

The decline in gas production is not due to a lack of exploration contracts but rather the natural decrease in field productivity and insufficient investment in maintenance. This trend is evident in the country's largest gas field, Pauto Sur, which has seen a significant drop in output.

The situation is further complicated by the fact that gas imports are expected to account for 20% of national demand in 2026, highlighting the urgent need for domestic energy solutions.

However, there is a glimmer of hope on the horizon. Ecopetrol and Petrobras have announced a major gas discovery at the Sirius-2 well off the Caribbean coast.



This discovery, the largest in Colombia's history, could triple the country's gas reserves if commercially viable. The project, which includes a 120-kilometer pipeline and the drilling of four wells at a depth of 804 meters, aims to start production by 2030.
Sirius gas project boosts Colombia's energy independence
This initiative is expected to provide a substantial boost to Colombia's energy security and reduce reliance on imported gas, which is currently 40% more expensive than the projected cost of gas from Sirius.

The consortium plans to invest $1.2 billion in the exploratory phase and an additional $2.9 billion in the production development phase.

The discovery of over six trillion cubic feet of gas could increase the country's reserves by 200%, offering a significant opportunity to bolster Colombia's energy independence.

The decline in gas and oil production underscores the importance of investment in maintenance and exploration to sustain domestic energy supply.

The Sirius project represents a promising solution to boost Colombia's energy security and reduce dependence on imports. However, the timeline for production start-up and the substantial investments required highlight the challenges ahead.

As Colombia navigates this energy crossroads, the role of government policy and private investment will be crucial. The current administration's approach to energy policy will be a key factor in determining the country's energy future.

This story is not just about numbers and data; it's about the people and the country's future. It's about the potential for growth and the challenges that lie ahead. It's about the choices that will shape Colombia's energy landscape and its impact on the global stage.

Understanding these trends is essential for policymakers, energy companies, and consumers alike, as they impact energy prices, supply stability, and economic planning.

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