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The US has used booming shale production to massively expand its LNG infrastructure, but Canadian developments have not fare so well while in South America consumption outstrips production
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Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist 
A refinery in British Columbia
Refining Brazil Bolivia Canada Colombia Chile Ecuador Guyana Mexico Panama US
Lee Nichols,
Vice-president, content,
Gulf Energy Information
4 March 2025
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Hydrocarbon Processing Refining Databook 2025: Americas

The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors

At 18.4m b/d, the US has the second-largest refining capacity in the world. Two primary refining trends—related to capex—are ongoing in the region: increased capacity builds for renewable diesel and increased capacity builds for biofuel production, primarily sustainable aviation fuel (SAF). US production of SAF increased from 2,000b/d to nearly 30,000b/d in 2024. Several additional SAF projects are under development. These projects are the result of the US Environmental Protection Agency’s Renewable Fuel Standard, and federal and state tax credits and incentives. The US Inflation Reduction Act (IRA), passed in 2022, calls for US SAF production to reach 3b gal/yr by 2030 and up to 35b gal/yr

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