Central America as a Unified Market for Natural Gas


News from Panama / Monday, May 6th, 2013

One of the solutions to our need for alternative fuels is inexpensive natural gas that is abundant in the United States.  Buying this as a unified market would benefit all of Central America.

The region is aiming to group together demand for natural gas in order to make the market more attractive to major companies.

According to René Castro, Minister of Environment and Energy (Minae), the visit of U.S. President Barack Obama, could open the door to greater cooperation from the Government in this area.

Castro said that Costa Rica is looking for the northern giant, which is one step ahead in its research on improving extraction and exploitation of natural gas, to grant it the status of “most favored nation” which would improve product prices for importations.

“After the Summit of Central American Integration System (SICA) in which Barack Obama took part, the ministers of environment of the region and the United States will meet to discuss joint development projects in the field of clean energy,” reported Elfinancierocr.com.