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
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.