Colombian Firms Brace for Gas Crunch as Deficit Seen Widening

The SPEC LNG terminal in Cartagena, Colombia. Photographer: Carlos Parra Rios/Bloomberg

Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations.

Supplies of the fuel are expected fall at least 10% short of demand next year, compared with 5% currently, according to the commodities exchange. In a worst case scenario, the shortfall could reach 20%.