For the last four decades Trinidad and Tobago’s oil and gas industry has been the primary engine driving the economy. However, it has faced challenges during the last three years due to an extended period of low international hydrocarbons prices.
For the last four decades Trinidad and Tobago’s oil and gas industry has been the primary engine driving the economy. However, it has faced challenges during the last three years due to an extended period of low international hydrocarbons prices.
In November 2016 Colombia received its first import of liquefied natural gas (LNG) at the Sociedad Portuaria El Cayao (SPEC) terminal in Cartagena. The cargo, sourced from Trinidad and Tobago’s Atlantic LNG facility, was delivered by a floating storage regasification unit (FSRU) owned by Norwegian firm Höegh Grace. A year after a serious...
In recent years Latin American nations have enthusiastically embraced renewable energy sources, and a total of $16.5bn has been invested in the segment across the continent. In November 2016 Chile inaugurated the $343m, 196-MW El Romero solar power plant, which provides enough power to fuel a city of 1m people; while Costa Rica ran on entirely...
After a challenging 2016, the Colombian oil industry entered 2017 with renewed optimism. In line with other crude-exporting countries, the fall in global oil prices starting in mid-2014 affected investment in the sector as well as government coffers. Country-specific problems during this time included a continued security threat from armed...
Among President Pedro Pablo Kuczynski’s key pledges in the 2016 election campaign was the “massification of natural gas” to serve residents and industrial users across southern Peru. Another feature of Peru’s policy focus is to diversify gas exports, including the potential renegotiation of the country’s liquefied natural gas (LNG) contract...
One of President Pedro Pablo Kuczynski’s election campaign themes was that Peru’s mining sector should increase its involvement in higher value-added activities, moving beyond simple ore extraction into more smelting and refining. “Pedro Pablo is very clear on this. Today we export a lot of rocks with our raw materials and some of those...
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