Argentina and Brazil Take Different Approaches to Energy Policy

Argentina has made a big step forward in attracting foreign and domestic investment into the country’s energy sector with the passage of the Basis Law, which included the Incentive Regime for Large Investments (known as RIGI by its Spanish acronym). This is a significant move to attract sizable investment in Argentina’s energy sector, particularly for large-scale projects like pipelines and export terminals related to the Vaca Muerta shale play. Projects exceeding US$200 million are guaranteed 30 years of legal and regulatory stability,…