The Brazilian oil & gas industry is going through its “largest transformation ever,” said Décio Oddone, Director-General for the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) at an event organized by the Inter-American Dialogue on June 28th.
In a conversation with CSIS, Lisa Viscidi explained the potential implications of this year’s elections in Latin America’s top oil producing countries. Political changes in Brazil, Colombia, Mexico, and Venezuela will affect oil output, with effects felt both domestically and in the United States.
Improving grid management, expanding fiscal incentives for renewable technologies, and improving the land consultation process will open the door to the large Mexican renewable energy market.
The next few years will see a major shift in the hemispheric natural gas trade, as increased US LNG exports increasingly displace volumes from other exporters.
The government of Neuquén—Argentina’s top oil and gas producing province and home to the country’s huge shale play Vaca Muerta—is implementing a detailed plan to eliminate barriers to hydrocarbon development, Governor Omar Gutierrez said at an Inter-American Dialogue panel discussion. This includes facilitating equipment imports by removing customs tariffs, gradually eliminating consumer subsidies for natural gas, and signing a new labor agreement between the provincial government and labor unions.
IFLR speaks with Lisa Viscidi, director of the Energy, Climate Change and Extractive Industries program at the Inter-American Dialogue. Viscidi analyses recent developments in Latin America’s energy markets, particularly in relation to broadsweep energy market reforms in Brazil and Mexico.
A new report by the Inter-American Dialogue analyzes the challenges to environmentally and socially sustainable development of the oil and mining sectors in Colombia and raises important questions for policymakers, such as where extractive industries should be permitted to operate, who should be responsible for oversight and how to make operations more environmentally sustainable.
If the region increases renewables to 80% of the electricity matrix and expands integration, countries can save billions of dollars in investments, avoid blackouts and reduce their greenhouse gas emissions, argue Lisa Viscidi and Ariel Yépez.