After entering office on August 7th, 2023, Colombia’s leftist President, Gustavo Petr, implemented his plan to cease issuing new hydrocarbon exploration contracts and ban the controversial extraction technique of hydraulic fracturing. It is feared those policies will destroy Colombia’s energy security and spark a crisis that will roil the Anden country’s hydrocarbon-dependent economy. In an effort to offset those risks, Petro secured a contract with Venezuela to import natural gas from Colombia’s neighbor. While…
