IAHL Corporation (IAHL)

[Gators12]

There are fears that the recent arrival of the El Niño weather phenomenon in Colombia will once again sharply impact water levels and, hence the output from the country's hydro-plants. This will force Bogota to expand electricity production by employing gas-fired powerplants to boost output, placing further pressure on already constrained natural gas supplies. Rapidly rising demand for natural gas, including stockpiling the fuel for use in thermal powerplants due to the threat posed by El Niño, saw LPG imports for the first eight months of 2023 soar.