English to Spanish Bus/Financial Economics

Argentina experienced an energy crisis in 2004. State-imposed caps kept energy prices low, which drove a dramatic increase in energy demand that outstripped supply. The government broke a natural gas export contract to Chile, began importing natural gas from Bolivia, and initiated energy rationing. The crisis threatened to stifle Argentina’s nascent economic recovery and severely strained the country’s relations with Chile. To prevent future crises, the Argentina government initiated a set of energy sector reforms, including the establishment of a new, stateowned energy company (Enarsa), incentives for greater investment in downstream infrastructure, and plans to eventually liberalize energy prices.