U.S. Intervention in Venezuela Could Help Solve Colombia’s Energy Crisis ...Middle East

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U.S. Intervention in Venezuela Could Help Solve Colombia’s Energy Crisis
source : OILPRICE ( Middle East ) () 35
Colombia’s natural gas production is spiraling ever lower, with the hydrocarbon sector impacted by tax hikes and leftist President Gustavo Petro’s reforms aimed at weaning the country off its dependence on fossil fuels. This forced Bogota to significantly boost costly liquified petroleum gas (LPG) imports to meet domestic demand and ensure the stability of Colombia's electricity grid. Those imports are straining government finances and the economy at a time of fiscal crisis. Nonetheless, U.S. President Donald Trump’s intervention…

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