Shell exits three Colombian gas projects, shifting focus to lower-carbon initiatives.

Shell is exiting three offshore gas projects in Colombia, including Caribe, Gorgon, and Llano, as part of its shift towards lower-carbon projects. The Colombian government has approved the transfer of these projects to other companies. This move follows a trend of major energy firms reducing activities in Colombia due to regulatory uncertainty and the focus on sustainable operations. Shell will continue to supply fuels through Biomax. The exit may lead to a gas shortfall in Colombia, potentially increasing the country's reliance on imports.