Natural Gas: Key Ally for an Effective Energy Transition

Managing director & partner of BCG 03.30.2026 19:56 Updated: 03.30.2026 19:56

Natural Gas: Key Ally for an Effective Energy Transition

TL;DR

  • Natural gas is crucial for balancing Colombia's energy transition, providing flexibility and supporting renewables.
  • Declining domestic production and increased import dependency pose price and exchange rate risks for Colombia.
  • Preserving and optimizing domestic gas exploration and production is vital for energy security.
  • Diversifying import infrastructure and avoiding single points of failure are essential.
  • Regional integration opportunities, especially with Venezuela, should be explored.
  • Colombia has domestic resources (offshore, unconventional) to strengthen energy security during the transition.