Colombia's Gas Reserves Shrink as Imports Grow
Colombia's natural gas reserves fell to the lowest since at least 2007, putting pressure on the Andean nation to add new findings and increase imports to address a growing shortage.
Natural gas reserves dropped for a third consecutive year to the equivalent of 5.9 years of output at the end of last year, down from 6.1 years in 2023, according to the National Hydrocarbons Agency. The Andean nation had 2.035 billion barrels of proven crude reserves, the equivalent of 7.2 years of output, up from 7.1 years of production in the previous assessment.
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