CHILE: Court Halts Controversial Patagonian Dams Project.

BBC

A court has suspended a $3bn usd dam project in the wilds of Patagonia after recent massive protests and objections by legislators and environmentalists.

Five dams were proposed and approved in May for the Aysen area of Patagonia with heavy support from President Sebastian Pinera.

 The court ruled it needs time to review the approval process.

ARGENTINA: Major Patagonian Nat Gas Discovery Announced.

AP/
      Repsol YPF energy announced that it has discovered 4.5 trillion cubic feet of proven shale gas reserves in Patagonia, which expands its proven reserves from 6 to 16 years' worth of the fuel.
    The new shale deposit is located in southern Neuquen province but will be more difficult and costly to extract than conventional natural gas.