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Article: Southern Cone Sees Dream of Integrated Gas Market Come True.
- Article from:
- The Oil Daily
- Article date:
- November 16, 1998
CopyrightCOPYRIGHT 1998 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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For decades, governments and natural gas companies mused about spending billions of dollars on mega-projects designed to introduce and broaden use of natural gas in the Southern Cone region of South America.
But during the 1970s and '80s, virtually nothing got off the ground, held back by a variety of factors stemming largely from the tumultuous political and economic developments sweeping the continent. Natural gas use remained minor or nonexistent in Chile, Brazil, Peru, Paraguay and Uruguay, while producers Argentina and Bolivia lacked the export pipelines and foreign markets needed to invest in full exploitation of their own reserves.
This decade, ...