Chilean imports of natural gas pumped across the Andes from Argentina reached 330,120 metric tonnes (mt) in October, up threefold from 12 months earlier and their highest level since Argentina resumed large-scale gas exports in late 2018. Imports of natural gas from Argentina have risen more than fivefold to 1.75 million mt, according to the monthly report by Chile’s national energy commission.
The Central Bank of Argentina (BCRA) cut its benchmak interest rate to 55% from 58%, part of the new government’s plan for activating Latin America’s No. 3 economy by making credit more available. This cut adds to the lowering of five points made a week ago, when it went from 63% to 58%.