Colombia’s Gas Crisis: How the Country Lost 54% of Its Reserves

Colombia has lost 54% of its proven natural gas reserves since 2018, leaving the country with just 1,717 Bcf and a reserves-to-production ratio of only 5.9 years. In this episode, I break down Colombia’s latest official reserves data, the consequences of Gustavo Petro’s decision to halt new hydrocarbon exploration contracts, Ecopetrol’s leadership crisis, and the country’s growing dependence on imported LNG. Can the new government restore energy self-sufficiency before declining production and rising imports become an even bigger economic problem? What do you think? Was Petro’s energy transition too aggressive, or is Colombia right to move away from oil and gas? Let me know in the comments. #Colombia #GustavoPetro #NaturalGas Read more at Finance Colombia: https://www.financecolombia.com/ Subscribe to Finance Colombia for free: https://www.fcsubscribe.com/ More about Loren Moss: https://lorenmoss.com/write Contact us: https://unidodigital.media/contact-unido-digital-llc/ Follow me on social media Facebook https://www.facebook.com/financecolombia LinkedIn https://www.linkedin.com/company/finance-colombia/ Instagram https://www.instagram.com/finance_colombia/ Check out my other YouTube Channels: Loren Moss: https://www.youtube.com/@LorenMoss Finance Colombia Shorts: https://www.youtube.com/@FinanceColombiaShorts The Clerisy: https://www.youtube.com/@theclerisywithlorenmoss The Clerisy Shorts: https://www.youtube.com/@ClerisyShorts Cognitive Business News: https://www.youtube.com/@CognitiveBusinessNews Cognitive Business Shorts: https://www.youtube.com/@CognitiveBusinessShorts Empleo Bilingüe: https://www.youtube.com/@EmpleoBilingue SOURCES ANH (source) — https://www.anh.gov.co/ Ecopetrol — https://www.ecopetrol.com.co/ Grupo Vanti — https://www.grupovanti.com/  EPM — https://www.epm.com.co/ ACP (Asociacion Colombiana del Petroleo y Gas) —https://www.acp.com.co/ FC: Petro administration announces natural gas rationing — https://www.financecolombia.com/petro-administration-announces-natural-gas-rationing-in-colombia-despite-abundant-hydrocarbon-resources/ FC: Colombia makes its biggest gas discovery in four decades — https://www.financecolombia.com/colombia-makes-its-biggest-gas-discovery-in-four-decades/ FC: Shell exits Colombian offshore gas projects — https://www.financecolombia.com/shell-exits-colombian-offshore-gas-projects-while-industry-retreats-and-production-falls/ FC: Ecopetrol finalizes 2026 investment plan — https://www.financecolombia.com/ecopetrol-finalizes-2026-investment-plan-targets-cop-22-27-trillion-amid-transition-push/ FC: Ecopetrol's new president advocates for more oil exploration — https://www.financecolombia.com/ecopetrols-new-president-advocates-for-more-oil-exploration-in-opposition-of-petros-goals/ FC: Colombia braces for surging energy costs — https://www.financecolombia.com/colombia-braces-for-surging-energy-costs-as-natural-gas-deficit-expands/ FC: Concern over natural gas supply stability grows (Pacific tender) — https://www.financecolombia.com/concern-over-natural-gas-supply-stability-grows-after-public-tender-for-plant-in-colombian-pacific-is-called-off-again/