Colombia races to shore up gas supply

Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist 

Colombia has the technical capacity to slow—and potentially reverse—a sharp decline in domestic natural gas production through new offshore developments, while using LNG imports as a short- and medium-term backstop. However, policymakers need to move quickly to restore investor confidence and accelerate stalled domestic projects, the secretary general of the Colombian Natural Gas Association (Naturgas), Camilo Morales, told Petroleum Economist. Natural gas remains a central pillar of Colombia’s energy system, supplying homes, industry, transport and power generation, yet falling reserves and slowing exploration have pushed the country into imports for the first time in years. We need t