A New Life for Natural Gas in Brazil

Approaching his eighth month in office Jair Bolsonaro is en route to delivering a major overhaul to Brazil’s energy sector. The government’s National Council for Energy Policy (CNPE) recently approved new guidelines to liberalize the domestic natural gas market. The rules come shortly after state energy giant Petrobras announced it would divest key gas assets following negotiations with its principal shareholder the federal government. Behind the technicalities and legal complexities of an energy liberalization, bigger picture, the fundamentals of a competitive gas market are in place for the first time in Brazil. Among them, Petrobras will sell controlling stakes in its many businesses that import, transport, and distribute gas. Accompanying regulations under the government’s so-called “New Gas Market” program will […]


“Latin America, the vision of its leaders” A book by Andrés Rugeles and 100 regional leaders

The Colombian Andrés Rugeles has achieved an almost impossible...

Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]