LNG imports make up increasing share of Colombia's natural gas supply

Source report · explanatory context

What happened

LNG imports make up increasing share of Colombia's natural gas supply

Colombia is importing more liquefied natural gas (LNG) as domestic production continues to fall. A potential drought this fall and winter could limit the availability of hydroelectric generation and boost the country's demand for natural gas power generation. Colombia's government has declared a national disaster in anticipation of a drought resulting from an expected strong El Niño.

Context

Trade and industrial developments can affect market access, production and input costs. Their direction and scale for India depend on the actual terms and exposure of the businesses involved.

Areas affected: Trade, Industry, Currencies.

Market reaction: unverified

What to watch next

Watch for the official implementation terms and subsequent trade or production data.