Chile To Look At Natural Gas Imports

The government says the alternative to HidroAysen lies in the measures it announced in its energy agenda last month.

They include the construction of a Liquid Natural Gas (LNG) terminal in the south of the country, enabling Chile to import gas from overseas.

The country has already built two such terminals in recent years, one in the north, to feed the vast copper mines in the Atacama desert, and one in the centre to supply the industrial and residential heartland around the capital, Santiago.

The terminals have helped Chile break its dependency on its Latin American neighbours, but LNG remains a relatively expensive source of energy.

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza