Colombia's Natural Gas Crisis Deepens as Strait of Hormuz Closure Cuts Supply

Strife-torn Colombia is facing a severe energy crisis at a critical juncture. Global supply of natural gas is heavily constrained due to the closure of the Strait of Hormuz after U.S. strikes on Iran. This could not come at a worse time for Colombia, with the Andean country experiencing a massive surge in demand for natural gas at a time when domestic production is declining. The rapidly growing supply shortfall was filled by costly liquefied natural gas (LNG) imports, the future of which now appears uncertain. These events are weighing heavily…