Chile Confirms Gas Find

The Chilean government has confirmed that there has been a new gas find in the southern region of the country. Studies will be carried out to evaluate how to extract and commercialize the discovery. The find is a result of exploration work that began in 2003 in Tierra del Fuego. If it proves to be high yielding, the new gas field will be a welcome boost to Chile’s energy needs. Currently, the country imports 22 cubic meters of gas daily from neighboring Argentina but has suffered repeated shortages in recent times due to rising demand within Argentina.