Fitch Ratings: Latin America midstream energy sector outlook for 2026 is "neutral"

Fitch Ratings stated that the outlook for the midstream energy industry in Latin America in 2026 is "neutral", and it is expected that there will not be significant changes in the industry in that year. This is because most midstream companies benefit from stable and predictable cash flow, supported by long-term "take-or-pay" contracts, which reduces their exposure to production and price risks. The industry has high barriers to entry, and its strategic positioning between production and consumption centers contributes to the formation of a natural monopoly. These factors strengthen their strong market position, thereby helping to improve financial stability and risk resistance.