Regular gasworld readers will be well aware of the Latin American conference that is due to take place this month. But on the eve of the second ever industrial gas conference for the region, gasworld pauses to consider just what makes Latin America so appealing and why so many key gas figures will be travelling thousands of miles to Rio de Janeiro this June.
Two and a half years ago, gasworld hosted the first event of its kind, a South American industrial gases conference. The conference took place in Santiago, Chile and witnessed 130 international delegates gather to consider the challenges facing the gas industry in a region of opportunity.
Proven potential
Since then, the South Americas have certainly proved themselves as regions of opportunity. Indeed the fiscal year 2009 to 2010 saw 7.5% economic growth – the fastest rate of expansion experienced by the region for over 24 years.
In Brazil alone, Banco Central do Brasil, Brazil’s largest monetary authority, anticipates a staggering $55bn in direct foreign investment over the forthcoming year. But perhaps equally reassuring, is the wise caution exhibited by regulatory authorities.
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