Gas may be slow-burn success in Latin America

The short-term prospects for gas in Latin America look bleak because of renewables. But the sector should play the long game The short-term prospects for gas in Latin America look bleak because of renewables. But the sector should play the long game.
By The Wildcat 4 July 2017 0 26608
The Itaipu dam in Brazil. The country is installing more and more renewable generation capacity. (Itaipu Binacional)

There is a reasonable concern in Latin America that cheap renewables are edging out gas. However, it does not have to be a zero-sum game.

The two sectors should work together rather than compete, suggested Juan Oliva Vasquez, the head of gas and fuels at Enel Generación, at a conference in Houston last month.

Vasquez urged bidders to radically change their approach in forthcoming capacity tenders. He said companies could package gas-to-power plants with renewables in a single bid, rather than vying for capacity.

"It is difficult to...

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