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Colombia’s new president, Gustavo Petro, campaigned on a pro-energy transition platform
Opinion
Colombia Energy transition LNG Renewables
Schreiner Parker
5 July 2022
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Letter from South America: Petro plots course for transition

Colombia’s new president has no interest in arresting decline in the country’s oil and gas production

Politics and pragmatism rarely mix, and it seems Colombia’s new president, Gustavo Petro, will be no exception to that rule. However, politicians are renowned for their ability to dream, and in the long term, that may be just as valuable. The fact of the matter is Colombia is already on a path to reducing its economic dependence on oil. The country has gone a long time with no significant increase in proven resources—essentially since 2012. Crude resources totalled 2bn bl in 2021 and production has been steadily declining since 2013, with the nation producing an average of below 750,000bl/d last year, a 6pc drop year on year, with volumes expected to fall again in 2022.  Gas production is al

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Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
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The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
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24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand

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