Ecopetrol Analyzing Gas Imports from Venezuela in 2024 (1)

Colombian state oil producer Ecopetrol SA said it is analyzing importing gas from Venezuela starting at the end of next year, following President Gustavo Petro’s visit with Nicolás Maduro in Caracas on Saturday.

Ecopetrol said it is evaluating alternatives presented by Petroleos de Venezuela SAand has an existing contract through 2027 for gas import and export through a 139-mile pipeline that connects Venezuelan gas fields with northeast Colombia, which is currently “being stabilized,” the company said in a statement following an extraordinary board meeting.

Ecopetrol would be the latest of a series of foreign companies that have shown ...