Suriname is estimated to have 17 trillion cubic feet of gas reserves, which if proven would surpass those of Mexico and Brazil.
An announcement this week at the Arpel-Naturgas conference in Cartagena suggests that the administration of Colombian President Gustavo Petro is putting more emphasis on Venezuelan gas than domestic alternatives.
Argentina’s gas surge is at once accelerating Bolivia’s demise as a gas supplier and reinforcing South America’s dependence on fossil fuels.
A new gas-to-power project, dubbed a fossil fuel “bridge,” poses a challenge in a country that is especially vulnerable to climate change.
The recent gradual easing of U.S. sanctions on the country is calling attention to Venezuela's gas flaring.
Brazil’s president-elect Luiz Inácio Lula da Silva wants to reassert some form of state control over motor fuel prices and steer state-run Petrobras back into refining, but analysts say he will have limited political and economic scope for major near-term fossil fuels policy changes.
Future imports from Venezuela align with the Colombian government’s strategy, the chief executive of Ecopetrol told conference delegates.