Colombia’s first-ever leftist president emerged victorious from the July 2022 election run-off after running a broad reform-based campaign with a focus on transitioning the Andean country away from a reliance on fossil fuels. This includes plans to ban hydraulic fracturing and end awarding new contracts for oil and natural gas exploration. That sparked considerable concern because Colombia is highly reliant upon petroleum which is the largest export by value while natural gas is a key source of energy domestically. Colombia was already battling a natural gas shortage with aging mature fields, low proven reserves, and ... (full story)