Venezuelan gas, a possible partial solution for Colombia in the medium term
President Petro had already announced his intention to import gas from Venezuela. Photo: Istock
TL;DR
- Colombia's oil sector may have opportunities related to Venezuela's energy reform, but gas imports are seen as a more viable prospect.
- Domestic gas reserves in Colombia are declining, with only about six years of supply remaining.
- The Transcaribeño Gas Pipeline, built in 2007, has been unused for 10 years and requires substantial repairs on both sides.
- Venezuela's main gas reserves are offshore (Campo Perla), making direct export to Colombia logistically complex.
- The expert suggests the U.S. has greater capacity and preference for direct investment in Venezuela's oil sector.