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Bolivia’s Energy Crisis Deepens as Natural Gas Reserves Run Dry

Source: OilPrice.com · Oct 17, 2026 15:00 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Years of underinvestment in Bolivia’s gas industry have left the South American country facing a severe fuel shortage, as energy prices rise ever higher owing to the ongoing war in Iran. The energy shortages and economic crisis follow years of poor decision-making by the government. In 2006, then-president Evo Morales took control of Bolivia’s fossil fuel industry, renegotiating contracts with int

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