Ecopetrol hikes forecast Colombia gas deficit for 2025 and 2026
Adds quotes from paragraph 3 onward
By Oliver Griffin
BOGOTA, July 24 (Reuters) -Colombia's majority state-owned energy company Ecopetrol ECO.CN expects the country's gas deficit will hit 120 billion British Thermal Units per day in 2025 and around 300 billion BTU in 2026, the company's chief executive Ricardo Roa told journalists on Wednesday.
The new figures represent an increase on earlier estimates of 83 billion BTU for next year and around 160 billion BTU in 2026.
"Those are the deficit balances assuming a medium growth scenario like the UPME (Unit for Mining and Energy Planning) has in gas demand and those are the numbers that are on the table," Roa said at an event celebrating the UPME's 30th anniversary.
At the end of June, Ecopetrol called for "flexibility" to enable gas block sales that would shore up the country's self-sufficiency in energy, where gas reserves closed 2023 at 6.1 years of consumption .
"A decree will be issued very soon making this regulation more flexible, allowing Ecopetrol to be able to make an offer for gas contracts … which could enable us to supply those 120 billion to 160 billion BTU per day in gas," Roa said.
Reporting by Oliver Griffin
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