Insight
Southern Cone: 2023 in review
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Report summary
In 2023, the Southern Cone was marked by above-average hydrology and critical infrastructure development positively impacting gas and markets. Renewable generation gained momentum in Brazil and Chile with the replenishment of reservoir levels and lower thermal generation. At the same time, both countries sought to reduce infrastructure bottlenecks by promoting transmission auctions. In Argentina, the development of transport pipelines unleashed the potential of Vaca Muerta fields, increasing gas production in the region. The new infrastructure also set the basis for the country to reduce gas imports and become a regional supplier, given Bolivia continues to register a decline in gas production.
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