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Article: Bolivarian pipeline dreams give way to harsh LNG reality.(Horizon)
- Article from:
- World Gas Intelligence
- Article date:
- October 25, 2006
- Author:
CopyrightCOPYRIGHT 2006 Energy Intelligence Group. 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)
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Many Latin Americans cling to the Bolivarian-style notion of regional gas market integration, a scenario in which vast volumes of Bolivian, Venezuelan and perhaps Peruvian gas would be sold at "fair" but relatively low prices to fuel economic growth everywhere from Chile and Argentina north to Mexico. And none more so than leading leftist President Hugo Chavez of Venezuela. The rub is that the resource nationalism that Chavez and allies such as Bolivian President Evo Morales espouse is scaring off many of the consuming country governments that theoretically stand to benefit from such schemes.
The result is a proliferation of LNG projects which, in the gas-short ...