Gas-to-Energy: Structuring Downstream Projects
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Introduction
Natural gas is challenging oil, both as a global commodity and as the primary business of major energy companies. This trend is particularly true in South America, where the gas markets are small in terms of total volumes handled but have shown strong growth with active upstream and downstream development. While consumption rates for South America are one-twentieth of those in the United States, Venezuela and Argentina have ranked second and fourth in terms of natural gas as a percentage of total primary energy consumption.' And while estimated reserves in the region account for ...