[CC may contain inaccuracies] So let me start with actual is a green hydrogen ambitions. When is a time line to start producing this commercially and what
else has to be done in terms of policies for this to actually become a viable policy in the future.
Well we already produce our first molecules a couple of months ago for the mining industry locally.
We think this is going to be huge. We have enormous and very unique renewable resources to produce cheap and clean
electricity. So therefore hydrogen. We have already 60 projects being developed in today from there being developed by more than
100 international local companies. And we think we will be able to reach a price that will make it competitive with fossil fuels
around 20 25 or so. So we're seeing a lot of traction around it. Of course this is also coming at a time when we have this focus
on the global energy crisis as well. With this backdrop do you expect any risk sexual. They will have to face some rationing
next year given the ongoing crises not to mention the local drought.
Well that is a very unfortunate combination right. The local drought prices and fossil fuels we still have a very reliable
diversified power grid. So we have stressed out a little bit but we're doing well. I don't I don't think we're going to have much
problems. And I think that these crises in fossil fuels markets just tend societies. But the necessity to move quickly into
renewables. GREENE How did you would be a big part of that mix of clean energy. So I think we're gonna do fine and just
emphasize to see the necessity to move into that direction. What about the lithium market. What's been the interest in
insulin supply from some of these would be bidders. Well today we are number two producer in the world just after
Australia. We have the biggest reserves in the world the lowest cost of production. We are in the midst of a process
to invite new comers to invite to invest in Chile to produce lithium. We have already received 57 companies that already
invest interested in participating in the process. We will have more details towards the end of the year. But we're seeing a lot
of a lot of interest. They realize the potential that Chile has not only lithium but as a very stable business environment. Long
tradition in mining. And they see that most analysts agree that the demand for leaking will increase substantially in the coming
year or so. So I think that's looking very promising. The time. There is quite a bit of uncertainty when it comes to the tax
front though in fact the Senate is getting set to vote on a bill that would potentially in terms of the royalty bill potentially
leave Chile with one of the heaviest tax burdens out of copper producing countries. Is there an alternative here. Any scope for
for an alternative scheme or tax proposal to be presented. Well then we'll say a tax proposal that was presented by
Congressman Wright was not supported by the government. But it's very important. You know we do not agree with that legislation.
We think we can have a discussion around mining taxes. There might be some room for adjustment. But the proposal they
put is completely out of the range. I think the Senate was approved in the lower chamber but I think most senators
understand that it's out of the range that it would have been hurt to this competitive advantage. So we feel pretty confident
that the legislation that this won't get approved and we are in discussions with all relevant players to make sure that we with
good data good analysis and after the elections because this is not a very good time to have that discussion that we can reach a
reasonable agreement to make sure we have the the environment that attracts the investment we required. We have a pipeline of
70 billion dollars to be developed over the last decade or the next decade might prove to increase our capacity with
production. And we think we have broad agreement that these piece of legislature does not is not a good one. What about the
push from opposition lawmakers to set a horizon when it comes to coal but also for not gas powered fire plants power plants.
What's the government stands there. Yes. So we reached an agreement in 2019 to phase out all our
coal capacity and we just I was in Glasgow just a couple of days ago when we joined powering First Coal Alliance as part of the
biggest I mean bigger agreement of many countries to face our call. We agreed with that. We said we are going to phase out
coal no later than 2040 and we're making efforts to do that by 2030. But to do that we need to keep developing our renewables
transmission lines and others. We don't think that the law with the I mean rigid date is necessarily a good idea. Depends on how
the greatest bouldering and 2030 might be a good day
for coal gas. We think it's going to play an important role providing flexibility to the system. So we think 2030 for coal
might make sense not for gas. It will take longer we think to phase out gas
and I think again. But at this point I understand that. What about the projections for LNG demand then over the next few
years. Are you looking to sign more contracts to that end. Yes. So Elegy today provides around 20 percent of our power
generation. We get some of the Elon LNG. I mean mostly all of the LNG terminals we have.
We also get some gas natural gas from Argentina to the 75 cents. We have the market as you know today is bit bumpy. So it's it's
getting challenging to get some. So some LNG about. But I think this does it just a short term issue in the long run. We don't
see a lot of problem there. It will. I mean we're a relatively small market in the world wide. I mean conflicts. So we think
it's going to play a relevant role and we feel confident that it's that it's going to be there when we did so. So it's it's
OK. I think we're doing OK. It's just a short term issue globally. But we have not I said a robust diversified policy.