Brazil’s Chamber of Deputies, the federal legislative body and lower house of the National Congress, on Wednesday passed a highly anticipated natural gas law aimed at opening up the country’s pipelines to market players to increase competition in the sector. The bill, which has been held up for months, now goes to President Jair Bolsonaro…
Brazil
Articles from Brazil
Regulatory Uncertainty Said Holding Back Brazil’s Potential Regasification Boom
Brazil is being seen increasingly as an attractive destination for liquefied natural gas (LNG), but regulatory barriers are hindering development of the country’s market. According to analysts at shipbroker Poten & Partners, regasification project developers and infrastructure owners are “pushing back against what they see as regulatory barriers” holding back the promised liberalization of the…
Mexico’s Pemex Said Falling Behind LatAm Peers on ESG, Natural Gas Development
Mexico’s Petróleos Mexicanos (Pemex) is moving in the opposite direction of fellow Latin American national oil companies (NOCs) by failing to embrace the energy transition and natural gas, according to a panel of experts. While NOCs such as Colombia’s Ecopetrol SA and Brazil’s Petróleo Brasileiro SA (Petrobras) have embraced diversification and environmental, social and governance…
Natural Gas, Technology and Efficiencies Taking Prominent Role as Latin American NOCs Transition
Talk of the energy transition dominated this week’s CERAWeek by IHS Markit, with Latin America’s national oil companies (NOC), which have long served as key sources of revenue for their governments, part of the discussion. The consensus is oil and gas will remain relevant for decades as energy use intensifies across rapidly developing economies. However,…
Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential
Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets, but much needs to happen before this can occur, experts said this week. In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said…
New Fortress Expands Latin America LNG Position with Brazil Acquisition
New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets. Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…
New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition
New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets. Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…
Mexico, Brazil Energy Fortunes Moving in Opposite Directions, Says Yergin
When it comes to energy policy, Latin American giants Brazil and Mexico are like “two ships of state passing in the night,” according to energy authority Daniel Yergin. Yergin discusses the issues in Latin America in his latest book, “The New Map: Energy, Climate, and the Clash of Nations” published by Penguin Press. According to…
Argentina, Brazil Officials Push for Greater Natural Gas Integration
Argentina’s Energy Secretary Dario Martínez spoke virtually with Brazil Energy Minister Bento Albuquerque on Tuesday to discuss further energy integration between the two countries. Part of the discussion revolved around a natural gas scheme to boost production in Argentina set to be announced “soon” that could benefit Brazil gas consumers, according to a statement from…
Brazil Seen as Driver of Latin America’s LNG Demand in Coming Years
Brazil is set to be the center of new liquefied natural gas (LNG) demand activity in Latin America at least over the next decade, according to experts who spoke at a webinar last week organized by the Institute of the Americas. “Gas remains the transition fuel in Brazil because it allows for the highest possible…