diff --git a/ansible/roles/prometheus/templates/clouds.yml.j2 b/ansible/roles/prometheus/templates/clouds.yml.j2
index 5472aeed20..ffb711d7ff 100644
--- a/ansible/roles/prometheus/templates/clouds.yml.j2
+++ b/ansible/roles/prometheus/templates/clouds.yml.j2
@@ -3,6 +3,7 @@ clouds:
    region_name: {{ openstack_region_name }}
    identity_api_version: 3
    identity_interface: internal
+   volume_api_version: 3
    auth:
      username: {{ keystone_admin_user }}
      password: {{ keystone_admin_password }}
diff --git a/releasenotes/notes/bug-1938194-80dba28f9cdd434c.yaml b/releasenotes/notes/bug-1938194-80dba28f9cdd434c.yaml
new file mode 100644
index 0000000000..3d33399c51
--- /dev/null
+++ b/releasenotes/notes/bug-1938194-80dba28f9cdd434c.yaml
@@ -0,0 +1,6 @@
+---
+fixes:
+  - |
+    Use Volume V3 API in OpenStack exporter. Volume V2 API has been removed
+    since OpenStack Wallaby.
+    `LP#1938194 <https://bugs.launchpad.net/kolla-ansible/+bug/1938194>`__