Latin American Politics Promise Higher Prices,More LNG

摘要

When President Evo Morales nationalized Bolivia's 49 trillion cubic feet of gas reserves on May 1,he bolstered his populist credentials by ending what he termed the exploitation of his country's hydrocarbon wealth by foreign energy companies.Beyond the ideological rhetoric,the resource nationalism this embodied looks to be the harbinger of two major changes in gas markets across Latin America:higher prices in what remains one of the world's cheapest energy markets,and greater reliance on LNG in what has been a pipeline-dominated environment(WGI May3,p3).