Brazil and Argentina agree on natural gas exports, potentially transforming South America's energy market.

Brazil and Argentina have signed an agreement to explore natural gas exports from Argentina's Vaca Muerta formation to Brazil. This could lead to Brazil importing up to 30 million cubic meters of gas per day by 2030. A working group will identify measures for viable gas supply, including possible pipeline routes through Bolivia, Paraguay, and Uruguay. The deal could lower Brazil's energy costs and benefit Argentina's surplus production, reshaping South America's energy landscape.

November 19, 2024
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