Gas Prospects in Colombia

The brief argues that Colombia should not develop offshore gas fields that have been licensed but have not yet reached a final investment decision, as doing so would conflict with Paris-aligned energy scenarios and the government's commitment to avoid new oil and gas licenses.

• The authors conclude that there is no economic or other justification for Colombia to develop untapped gas fields under existing licenses, as global oil and gas production must decline rapidly to meet the 1.5°C limit of the Paris Agreement.
• To avoid carbon lock-in and stranded assets, the document asserts that no new oil and gas fields should be opened, noting that the required pace of production decline is as fast as or faster than projected declines from existing fields.
• Under President Gustavo Petro, the Colombian government committed in late 2022 to not grant new oil and gas exploration licenses and joined the Beyond Oil and Gas Alliance (BOGA) as a Friend of BOGA in August 2023.

APA

von Kursk,, A. P. B. (2023). Gas Prospects in Colombia. International Institute for Sustainable Development. https://www.iisd.org/publications/brief/gas-prospects-in-colombia

Chicago

von Kursk,, Angela Picciariello,Olivier Bois. Gas Prospects in Colombia. International Institute for Sustainable Development, 2023. https://www.iisd.org/publications/brief/gas-prospects-in-colombia.

Wikipedia

{{cite report |last1=von Kursk, |first1=Angela Picciariello,Olivier Bois |title=Gas Prospects in Colombia |publisher=International Institute for Sustainable Development |date=23 November 2023 |url=https://www.iisd.org/publications/brief/gas-prospects-in-colombia |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{vonkursk2023gas, author = {von Kursk,, Angela Picciariello,Olivier Bois}, title = {{Gas Prospects in Colombia}}, institution = {International Institute for Sustainable Development}, year = {2023}, month = nov, url = {https://www.iisd.org/publications/brief/gas-prospects-in-colombia}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }