While 2021 has been a year of transition for the energy sector in Latin America, it has also been a year of instability in the region’s political conditions and social environment. Under this context, industry experts, government officials and corporate representatives convened virtually to discuss the challenges, opportunities and changes in Latin America’s energy markets at the Fifth Annual Latin America Energy Conference.
The Amazon rainforest, one of the world’s most important ecosystems, faces environmental impacts from hydroelectric dams, oil and gas drilling sites, and mining projects. A new database and analysis by the Inter-American Dialogue reveals that state-owned enterprises, as well as small and mid-sized international companies from a handful of countries, operate the largest share of such projects in the Amazon region, meaning these companies have a substantial influence over the implementation of environmental and social safeguards.
Lisa Viscidi, director of the Energy, Climate Change and Extractive Industries Program, sits down with S&P Global Platts to discuss Guyana’s newly inaugurated president and the implications for its oil future.
La pandemia de Covid-19 como oportunidad para repensar las migraciones en América Latina y el Caribe
El 29 de julio, el World Leadership Alliance-Club de Madrid tuvo una sesión virtual para discutir el tema la “Movilidad en tiempos de crisis: La pandemia del Covid-19 como oportunidad para repensar las migraciones en América Latina”. Manuel Orozco, el director del Programa de Migración, Remesas y Desarrollo del Diálogo Interamericano, moderó la conversación y Laura Chinchilla, co-presidenta de la Junta Directiva del Diálogo, fue panelista.
Political changes are shaping the outlook in many of South America’s smaller and emerging oil and gas producers, including Guyana, Suriname, Ecuador, Peru and Bolivia. At a webinar co-hosted by the Inter-American Dialogue and the National Capital Area Chapter of the United States Association for Energy Economics (NCAC-USAEE), panelists discussed how political developments and the oil price decline are likely to impact producers in the region.
2019 has been a tumultuous year for South America. In recent months, mass protests have swept across several countries, including major oil and gas producers Bolivia, Ecuador, Peru, and Colombia. Continued political and social turbulence will likely contribute to stagnant oil and gas production growth in these countries. Conversely, Brazil and Guyana are on track to become the region’s largest sources of supply growth.
The development of energy resources is an integral component of many of Latin America’s economies, from established producers like Colombia and Brazil to newcomers to the global energy market like freshly oil-rich Guyana. However, policymakers and energy companies throughout the region must devise solutions to a variety of fiscal, political, social, and environmental hurdles to ensure successful and sustainable projects, explained speakers at an Inter-American Dialogue event on May 10.