finance
Colombia Faces Natural Gas Shortfall After Strait of Hormuz Closure
Colombia is experiencing rising natural gas demand while domestic production declines. The closure of the Strait of Hormuz has restricted global LNG supply. The country has relied on imports to cover the shortfall.
May 22, 6:00 PM·1m read1 source
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Colombia is confronting a widening gap between natural gas supply and demand. Domestic output has fallen for a decade while consumption has increased. U.S. strikes on Iran has further limited available liquefied natural gas imports.
2026 petroleum output averaged 740,497 barrels per day.
That figure was nearly 1 percent lower than March 2025 and 19 percent below the March 2016 level of 917,210 barrels per day. Declining oil production reduces associated natural gas volumes.
Colombia has covered recent shortfalls with LNG purchases.
Those cargoes now face uncertain delivery because Hormuz transit is blocked. The resulting supply constraint coincides with already elevated import costs. The shortfall is adding pressure to Colombia's economy. Higher energy expenses affect households and industries that rely on natural gas for power generation and manufacturing.
