Hydrocarbon production in Argentina commenced in 1922 with the establishment of Yacimientos Petrolíferos Fiscales, recognised as the world’s inaugural state-owned oil enterprise. More than a century later, the nation’s energy sector is poised to embark on its most prosperous era to date. “Fifteen years ago, Argentina was a country with oil, and there was not … Read more
Argentina LNG represents a significant energy initiative aimed at transforming unconventional gas sourced from the Vaca Muerta field into liquefied natural gas for export purposes. With a US$51 billion investment, the initiative – led by state-owned oil company YPF in partnership with Italy’s Eni and the UAE’s XRG – would strategically position Argentina as a … Read more
With a projected total expenditure of US$51 billion, state oil giant YPF has applied to take part in President Javier Milei’s investment incentive program for its “Argentina LNG” project. The plan aims to exploit the gas resources of the Vaca Muerta shale formation for export in the form of liquefied natural gas. The Argentina LNG … Read more
President Javier Milei understands more than anyone that the paramount objective in life is to steer clear of unforced errors. It is noteworthy that the application of that rule to the case of Manuel Adorni, his now former Cabinet Chief, was delayed significantly. Adorni’s rags-to-riches narrative captivated the public for more than three months, ultimately … Read more
Cold temperatures, the conflict in the Middle East, and an unsuccessful liquefied natural gas tender pose significant risks to Argentine industries, potentially increasing costs and leaving them without natural gas as winter draws near. The situation arises from local legislation that prioritises households and small businesses over industrial users in the event of a gas … Read more
Argentina is seeking to acquire liquefied natural gas cargoes in anticipation of the forthcoming winter heating season, thereby contributing to a market that is already under pressure due to the conflict in Iran. State-run Energía Argentina SA is evaluating the acquisition of up to 20 LNG cargoes by October in preparation for the Southern Hemisphere … Read more
The Southern Energy consortium and the Berlin-based group Securing Energy for Europe have formalized an eight-year agreement concerning the export of liquefied natural gas from the Vaca Muerta basin. The agreement stipulates the delivery of two million tonnes annually over the course of eight years, as outlined in a statement. Operations are set to commence … Read more
According to sources, MidOcean Energy LLC, a liquefied natural gas business that was founded by EIG, is now in the process of engaging in negotiations to join in Argentina’s famous LNG endeavor. The program, which is valued at twenty billion dollars and is being led by the state-owned YPF SA in conjunction with Eni SpA … Read more
