The enthusiasm of the government and oil and gas companies over Argentina’s unconventional fuel potential has come up against fierce opposition from communities living near the country’s shale gas reserves and environmental organisations.
Environmentalists and others here are reacting with concern to a surprise announcement on Monday of a major deal that would see U.S. natural gas exported to the United Kingdom, marking the first time that such sales have been permitted.
The 19,000 inhabitants of the municipality of Caraparí, the area supplying a third of Bolivia’s gas exports, do not have access to gas or petrol, six years after the nationalisation of the mega deposit and almost a quarter century after its discovery.
An international coalition led by the World Bank is calling for state-backed and private oil producers to reduce “gas flaring” by an additional 30 percent over the next five years, saying that doing so would be equivalent to taking 60 million cars off of the roads.
If a series of "golden rules" can be followed, a new report from the International Energy Agency (IEA) suggests, global natural gas usage could grow by more than 50 percent by 2035.