Brazil, with its natural resources and relatively mature industrial base, is often portrayed as the land of eternally unfulfilled promise.
All too often, exciting plans have fallen victim to institutionalised bureaucracy, corruption and short-term thinking, trapping the country in a cycle of boom and bust.
In the country’s natural gas sector, deregulatory reform plans are on the move and despite — or perhaps because of — the fact that this energy source has little of the emotive appeal of big oil finds, there are reasons to believe things will be different this time.
