We need to import more gas and projects need to be on time to face the next El Niño phenomenon
Gas transport companies reject government's accusations of undue costs. Photo: Courtesy: Promigás
TL;DR
- Colombia needs to expedite new gas infrastructure projects and increase imported gas volumes to face a potential El Niño event.
- Natural gas is crucial for meeting increased thermal demand, as it represented 30% of energy consumption during a comparable past climate event.
- The country's existing regasification capacity in Barú will operate at full potential but may not be enough to cover needs without additional projects.
- Several infrastructure projects are expected to become operational between late 2026 and early 2027, but their development depends on timely governmental permits.
- Importing gas from Venezuela is an option but not the sole solution; diversification of sources, including national production and other import methods, is necessary.
- International market volatility, influenced by geopolitical events, can affect imported gas prices.