NetworkNewsWire Editorial Coverage: Despite their huge reserves of natural gas, three of South America’s largest economies – Argentina, Brazil, and Venezuela – are net importers of the precious commodity and are likely to remain so for quite some time. Natural gas consumption on in South America is rising, particularly because of its usefulness for generating electricity. In 2015, regional demand was 145 billion cubic meters (BCM). By 2030, that demand is expected to climb by over 30 percent to 191 BCM, according to the Institute of Energy Studies at Oxford University (http://nnw.fm/fdR9G). A lot of the demand is presently being satisfied by imports of liquefied natural gas (LNG), which started in 2008. However, for decades before that, local stakeholders were attempting to increase production and integrate distribution and supply. Those efforts are likely to get a boost as the global market for gas expands and companies with natural gas interests, such as Mirage Energy Corp. (OTC: MRGE) (MRGE profile), NextEra Energy, Inc. (NYSE: NEE), TransCanada Corp. (NYSE: TRP), Kinder Morgan, Inc. (NYSE: KMI), and Energy Transfer Partners LP (NYSE: ETP), sign new supply contracts. Mexico may end up playing a significant role in linking South America to world markets; Mexico already imports large quantities of natural gas from the United States. Now, with new pipelines and storage facilities set for construction by Mirage Energy Corp. (OTC: MRGE), the federal republic is in a position to develop a gas-trading platform that may one day rival Henry Hub.
The market for natural gas is undergoing a sea change. Historically, it consisted of bilateral agreements between parties who sought out trading partners. Geography mattered; transportation costs could increase prices substantially for far-flung customers. That resulted in a market that is substantially a collection of regionally linked entities. However, the geographical flexibility of LNG shipments offers...
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