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Institute of the Americas
10111 N. Torrey Pines Rd., La Jolla, CA, 92037
Given the evolution of its policy environment over the last 25 years, Argentina provides an excellent case study of the role of the government in managing the energy sector.
In the 1990’s, Argentina was a pioneer in terms of the development of its natural gas industry, and particularly in terms of the role and impact of the State. The Menem administration embraced the tenets of the Washington Consensus and liberalized the natural gas market and fostered a boom in upstream, midstream and downstream infrastructure helping remove supply/transportation bottlenecks. After achieving self-sufficiency, Argentina subsequently signed a series of agreements with regional partners for offtake of its increasing natural gas surplus.
The economic crisis of 2001-2002 brought many changes in Argentina’s energy sector, including the well-known cuts of natural gas exports to Chile starting in 2004. But from a policy standpoint, it also was a period of heavy government intervention in planning and markets, particularly due to tariffs frozen during the emergency period, and then unchanged for years.
These elements and issues are at the core of an analysis prepared by Raul Garcia, a non-resident fellow at the Institute of the Americas. Raul is the president of R. Garcia Consultores and was a founding Chairman of ENARGAS, the regulator created in Argentina during the market opening in the 1990’s.
Join us for a webinar presentation of his analysis and conclusions on Tuesday, December 12 at 10:00am San Diego (3:00 pm Buenos Aires; GMT/UTC – 8 hours). Garcia’s formal presentation will be followed by a Q&A session with the audience.
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