First South American Energy Summit
The first South American Energy Summit took place on April 16–17 2007, on Isla Margarita, in the Venezuelan state of Nueva Esparta. Ten of the 12 South American presidents attend in person, the exceptions being Tabaré Vázquez of Uruguay and Alan García of Peru. Among the issues discussed was the production of ethanol fuel in the region, over which the countries have differing views. It was agreed that a new South American Energy Council, headed by the energy ministers of the 12 countries, would be created to co-ordinate energy policy, while the prospect of a future South American Energy Treaty was also raised.
On non-energy topics, the presidents also agreed that the South American Community of Nations should be renamed the Union of South American Nations.
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