Colombian Energy Firm Calls Community Demands Extortion for Sirius Gas Project

Ecopetrol labels Taganga community financial demands as extortion threatening the Sirius gas project timeline.

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As of 2026-09-03 09:54 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Ecopetrol characterized the financial demands of the Taganga community during the prior consultation process as extortion, warning that these requests could jeopardize the project's production schedule between 2030 and 2031. ^[1] The Sirius offshore gas project in the Caribbean Sea has the potential to nearly quadruple Colombia's natural gas reserves and contribute 65% of the country's current production. ^[2] Alcindo Moritz, president of Petrobras Colombia, expressed concern that the project cannot be conditioned by demands he considers disproportionate compared to those made by other communities. ^[3] Alcindo Moritz, President of Petrobras Colombia, warned that the project cannot be held hostage by a community demanding payments 20 times higher than those agreed with the other 116 communities involved. ^[4] Ecopetrol General Manager Elsa Jaimes stated that a single fishing community near Santa Marta is demanding extortionate payments that threaten the project's viability. ^[5] The project requires a prior consultation process to secure an environmental license from the National Environmental Licensing Authority (Anla) before production can start between 2030 and 2031. ^[6]

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The Sirius offshore gas project in the Caribbean Sea has the potential to nearly quadruple Colombia's natural gas reserves and contribute 65% of the country's current production. · El Tiempo

Alcindo Moritz, president of Petrobras Colombia, expressed concern that the project cannot be conditioned by demands he considers disproportionate compared to those made by other communities. · El Informador

Alcindo Moritz, President of Petrobras Colombia, warned that the project cannot be held hostage by a community demanding payments 20 times higher than those agreed with the other 116 communities involved. · El Tiempo

Ecopetrol General Manager Elsa Jaimes stated that a single fishing community near Santa Marta is demanding extortionate payments that threaten the project's viability. · El Tiempo

The project requires a prior consultation process to secure an environmental license from the National Environmental Licensing Authority (Anla) before production can start between 2030 and 2031. · El Tiempo

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