The rapidly shifting and challenging environment for the energy sector in Latin America offers an unprecedented opportunity for the region to rethink how it can better coordinate its energy sector and look toward building a comprehensive, integrated energy matrix. On July 1, all eyes will be on the leaders of Chile, Colombia, Mexico, and Peru – the founding member states of the Pacific Alliance – to see how the ambitious goal of energy integration can be advanced on the sidelines of the 11th annual Summit.
With 42 observer countries from South Korea to Sweden signed up and two—Costa Rica and Panama—pending ascension, the grouping has become a hot commodity. That is partly due to an outstanding record of achievement: the alliance has already integrated four national stock markets, erased a vast range of tariffs, introduced visa-free travel, and organized joint international trade missions.
