Colombia: Buyer or Producer in the Global Gas Market?
Colombia: Buyer or Producer in the Global Gas Market?
The U.S. shale boom has pushed governments like Colombia’s to debate the opportunity costs of the global energy trade.
Until recently, U.S. policymakers grappled with allowing natural gas to be freely exported. After studying the consequence for the domestic industry, federal regulators determined exports were in the public interest, and gave companies free reign to ship gas overseas. The U.S. is now poised to be one of the world’s largest exporters of liquefied natural gas (LNG).
This left countries on the receiving end of that energy bounty in a position of having to sort through what all this gas means for them.
One of those debates is unfolding in Colombia, where it will be a key economic...
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