Colombia May Struggle to Import Venezuelan Natural Gas in 2024

Colombia’s plan to start importing natural gas from Venezuela this year may not materialize because of a decayed idle pipeline in dire need of repairs, an industry official told Bloomberg. Colombia’s domestic natural gas resources are not enough to meet growing demand, which has risen in recent years due to the El Nino, which has reduced hydropower generation and raised the need for gas-fired power. At the end of 2022, Colombia’s leftist President Gustavo Petro announced that an agreement had been secured to import…