Argentina grappled with a significant gas shortage, halting major industries and transportation.The cold wave exacerbated the crisis, prompting President Javier Milei’s government to prioritize gas for essential services like homes, hospitals, and schools.The crisis originated from poor planning and payment disputes. Argentina had procured liquefied natural gas (LNG) from Brazil. Extra imports are a headache for President Javier Milei’s government, which needs to build up reserves of dollars through trade surpluses — not lose them — in order to lift currency controls that have been strangling the economy.
May 29, 2024
SOURCES: BNN BLOOMBERG – RIO TIMES
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https://www.riotimesonline.com/argentinas-gas-crunch-amid-cold-snap