Can Colombia Overcome Its Natural Gas Crisis?

Strife-torn Latin American country Colombia is facing an energy crisis which is being amplified by the economic fallout from the COVID-19 pandemic and sharply weaker oil prices. In recent days, the international benchmark Brent has tumbled sharply to be trading at around $42 per barrel after a string of bearish news emerged, although natural gas prices have spiked since hitting a multiyear low in July 2020. Oil’s protracted price slump is weighing heavily on Colombia’s petroleum industry causing investment and production to fall. That,…