Brazil’s natural gas industry and that of its neighbors in the Southern Cone, such as Argentina and Bolivia, have labeled gas the “fuel of the future.” The question is what needs to happen to make that future a reality. A new study prepared by Wood Mackenzie in a review by OGFJ underscores that the Southern Cone natural gas industry is at a pivotal stage of growth. Critical to its success will be an annual investment of up to US$25–$30 billion per year, much of it coming from foreign companies across the value chain.
In addition, the implementation of flexible bilateral and multi-lateral commercial arrangements between different countries will be just as crucial in order to balance the region. Without the annual investment and commercial arrangements, Wood Mackenzie emphasizes that the Southern Cone’s gas sector will certainly not be able to sustain the future growth story and there will be more losers than winners.
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