LNG imports rise in Colombia as domestic gas output falls

Summary

Colombia is increasing LNG imports as domestic natural gas production declines. A potential drought this fall and winter could reduce hydroelectric generation and boost demand for gas-fired power. The government has declared a national disaster in anticipation of a strong El Niño.

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Why it matters by industry

• Energy & Utilities

  Relevant to power and oil-gas sectors: LNG imports are compensating for falling domestic gas output, with potential drought-driven hydro shortfalls increasing gas-fired generation demand.