Key facts
- Colombia's proven oil reserves have fallen nearly 1% year-over-year.
- Colombia's proven natural gas reserves have fallen 17% year-over-year.
- Falling production exacerbates concerns about an energy crisis.
- Colombia has a heavy reliance on hydropower.
Colombia is facing a significant decline in its proven oil and natural gas reserves. Year-over-year, oil reserves have fallen by nearly 1%, while natural gas reserves have experienced a more substantial drop of 17%. This reduction in reserves, combined with decreasing production levels, is heightening concerns about a potential energy crisis within the country. The situation is particularly worrying given Colombia's significant dependence on hydropower, which is itself vulnerable to climate fluctuations. The diminishing fossil fuel reserves suggest a need for strategic planning to ensure future energy security and potentially explore alternative energy sources or enhanced exploration efforts.