Colombia energy report

This analysis includes a comprehensive Colombia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Colombia energy report
August 2021
3 files (PDF report, 2 Excel files)
32 (Report only)

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  • The country targets a cut in GHG emissions of at least 52% in 2030 compared to a BAU scenario.
  • Three companies hold almost 60% of the power capacity.
  • The public company Ecopetrol dominates the oil and gas sectors.
  • Two companies, Cerrejon and Drummond, account for almost 70% of the coal production.
  • Hydroelectricity accounts for 67% of the total power capacity.
  • Oil production dropped by 6% in 2020 due to the pandemic.
  • Colombia is the world's fifth largest coal exporter, but exports dropped by 26% in 2020.
  • The prices of electricity vary according to the regions. They have increased slightly since 2016.
  • Total energy consumption dropped by 6% in 2020. Oil products dominate the final consumption (40%).
  • The residential sector is the largest electricity consumer.
  • According to the Power Development Plan, 5.5 GW of additional capacity is needed to meet an electricity demand growth of around 3%/year by 2031.
  • A second LNG regasification terminal is planned.


largest coal exporter in the world

+4 GW

of hydro capacity since 2010


reduction in GHG emissions by 2050 compared to BAU


  • Institutions & Energy Policy

    The energy sector is under the responsibility of the Ministry of Mines and Energy (MME). UPME (Mining and Energy Planning Unit) is a special administrative unit of MME in charge of coordinating the planning of the sector.

  • Energy Supply


    Colombia owns large energy resources. Proven oil reserves amount to 241 Mt and gas reserves to 89 bcm (end of 2020). At 4.5 Gt, the country's coal reserves are also very large. The economic hydroelectric potential is estimated at 140 TWh/year. The country's wind energy potential is high (over 14 GW, according to World Bank, especially on its north coast).

  • Energy Prices


    The prices of electricity vary according to the regions. In 2019, they reached US$15c/kWh for the industrial sector and US$15.7c/kWh for households. Prices have followed inflation in recent years.


  • Energy Consumption

    Per capita consumption is around 0.8 toe and 1 400 kWh of electricity (2020).

    Total energy consumption dropped in 2020 by 6% to 39 Mtoe. Previously it had fluctuated around 39-41 Mtoe between 2015 and 2019.


  • Issues & Prospects

    According to the National Energy Plan through 2050, energy demand will increase by around 60% by 2050, with electricity and gas consumption increasing faster than oil consumption. Most of the electricity consumption rise will be linked to an increasing use of wind and solar technologies.

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Colombia energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2020, %)
  • GRAPH 9: Final consumption market share by sector (2020, %)

List of Tables

In the Colombia energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The Colombia energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Colombia country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Colombia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Colombia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Colombia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


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