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Colombia Plans Venezuela Gas Pipeline Revival

Bloomberg Markets •
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Colombia is taking steps to resume natural gas imports from Venezuela, Energy Minister Edwin Palma announced. The move signals a potential thaw in energy cooperation between the two neighboring countries after years of strained relations. Colombia's energy ministry is working on regulatory frameworks to facilitate cross-border gas flows, which could help address domestic supply constraints.

Venezuela holds some of the world's largest natural gas reserves, while Colombia has faced periodic supply shortages in recent years. The proposed pipeline would leverage existing infrastructure that was idled during the diplomatic crisis between the countries. Energy minister Edwin Palma emphasized that technical and commercial negotiations are underway to establish viable import terms.

The initiative comes as Colombia seeks to diversify its energy sources and reduce dependence on domestic production. Regional energy integration could provide mutual benefits, with Venezuela gaining export revenue and Colombia securing stable gas supplies. The project would require coordination between state energy companies and regulatory approvals from both nations.