The regulator ruled that the proposed operation would not breach Colombia's competition laws.
Antitrust body Cade said the move follows oil giant Petrobras' plans to mothball two of its nitrogen fertilizer plants in the country.
Jim Chisholm, VP for Latin America at Sproule, explains why interruptions to Mexico's pipeline imports can seriously impair electricity generation and impact a wide range of industries. And he welcomes the country's new measures to minimize that risk.
For tapping pipelines the penalty will be between 20 and 30 years in jail.