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LATIN AMERICAN COUNTRIES LOOK TO U.S. BUSINESS TO IMPLEMENT ENERGY EXPANSION PLANS

 San Diego Conference to Discuss Huge Power and Gas Projects
 in Latin America
 LA JOLLA, Calif., June 4 /PRNewswire/ -- Three hundred public and private sector energy managers, including international investors and ministers from Mexico, Peru, Bolivia, Argentina, Venezuela and Uruguay, will meet in San Diego June 6-8 to discuss rapidly growing international cooperation with energy industries in Latin America and the Caribbean.
 The meeting, titled "New Opportunities in Electric Power, Natural Gas and Oil in Latin America and the Caribbean," is co-sponsored by the Institute of the Americas and the United States Trade and Development Agency.
 U.S. utilities have made large and unprecedented investments in Latin American electric power and gas projects over the past year. Billions of dollars of project expansions are underway with U.S. companies now able to own and operate some of these facilities in Argentina, Colombia, Mexico and other countries of the region.
 The pace for forging these partnerships is accelerating, greatly benefiting U.S. exporters, workers and investors. Mexico's Secretary of Energy, Emilio Lozoya Thalmann, is expected to announce new regulations in the electric power sector that should continue this trend.
 Officials from Peru and Venezuela are also expected to announce additional details of the privatization of their national electric companies.
 An agreement on one new project will be signed at the meeting, by the governor of the Argentine province of Neuquen, Jorge Sobisch, representatives of construction and engineering giant Bechtel, and the United States Trade and Development Agency. Oil and gas-rich Neuquen plans to build -- with U.S. assistance -- a large complex to convert hydrocarbons to petrochemicals.
 -0- 6/4/93
 /CONTACT: Lee Tablewski of the Institute of the Americas, 619-453-5560/


CO: Institute of the Americas; United States Trade and Development
 Agency ST: California IN: OIL SU:


MH-KD -- DC010 -- 5376 06/04/93 10:43 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
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