|
|
Article: Argentina Looks to Bolivia After Abrupt Drop in Natural Gas Reserves, an Industrialinfo.com News Alert.
- Article from:
- Business Wire
- Article date:
- January 10, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CORDOBA, Argentina -- Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). In Argentina, natural gas utilization is exorbitant due to the fact that it makes up 49% of the country's energy consumption. In order to combat inflationary trends in the energy sector, Argentina's government froze natural gas prices in 2002. This paralyzed investment in new natural gas reserves, and, as a result, Argentina is now estimated to have less than ten years of reserves left. According to the ex-president of CAISE (the Argentinean Association of Investors in the Electric Sector), Argentina will need to import gas from Bolivia or limit its ...