IAHL Corporation (IAHL)

[Gators12]

Hydrocarbons agency ANH said natural gas supply, in particular, had been impacted over the past decade by a lack of new discoveries and surging demand.

"We have to take action now to compensate," ANH president Orlando Velandia told a news conference.

He added that Colombia's current reserves replacement rate stood at around 80%.

Energy minister Andrés Camacho insisted the government was taking steps to increase contingent resources and avert possible shortages in the medium term.