Latin America
With less than a year to go until COP30, whether Belem’s city improvement work will finish in time remains in question, as well as Brazil’s capacity to lead negotiations.
Argentina needs capital and off-take deals to fulfil its gas export ambitions at a time of global volatility and looming oversupply.
With climate finance negotiations stuck at COP29 in Baku, all eyes turned to Rio de Janeiro as the G20 summit started on Monday.
Just two weeks before the start of COP29 in Azerbaijan, the Brazilian President Lula da Silva officially cancelled his travel plans to attend the event.
Investors in Chile fret over transmission bottlenecks, permitting lags and a subsidy scheme — as well as an administration that is seemingly unfazed by their plight.
Despite its crucial role in the country's energy transition, a Brazilian bill regulating offshore wind energy is stalled by amendments related to fossil fuel thermoelectric plants, delaying investments and neglecting socio-environmental impacts.
At the same time as Brazilian President Lula da Silva and part of his administration joined Climate Week NYC, Rio de Janeiro hosted its largest oil and gas event.
In spite of the role played by human-driven climate change in the severe flooding in Brazil in early May, the country continues to expand fossil fuels and advance anti-climate laws.
Just days before Venezuela's presidential election on July 28th, BP signed a long-term gas deal with the Venezuelan government headed by autocrat Nicolas Maduro, locking in access to the planet-warming resource regardless of the electoral outcome.
Mexico will soon open an export pathway for low-cost U.S. gas to reach high-paying Asian markets, but policy questions on both sides of the border may be narrowing the near-term scope of the Mexican route.
In the upcoming tender, Ancap will offer four blocks for companies to install renewable energy to make green hydrogen.
Suriname is estimated to have 17 trillion cubic feet of gas reserves, which if proven would surpass those of Mexico and Brazil.
Future imports from Venezuela align with the Colombian government’s strategy, the chief executive of Ecopetrol told conference delegates.