Colombia needs more natural gas imports to meet growing power demand as El Niño-influenced weather conditions have resulted in water shortages, necessitating a shift away from hydroelectricity.

Latin America

The trend has put pressure on already constrained gas supplies in the country. But a recent proposal to add import capacity with a second LNG terminal received only one bid. 

“It is likely that Colombia will require more liquefied natural gas imports in the next few years, especially with El Niño weather conditions and significant variations on rain patterns…” said Diego Rivera Rivota, a research associate at Columbia University’s Center on Global Energy Policy.

Although Colombia is a small LNG importer compared to Argentina, Brazil and Chile, imports of the super-chilled...