Bankrolling the Vaca Muerta
Buenos Aires will pay out billions to keep the sector afloat despite Argentina’s stark economic crisis
Argentina will spend more than $5bn over the next four years as part of a new government initiative to support the country’s gas sector and develop its prolific Vaca Muerta shale reserves. The scheme aims to cut gas imports by 589.75mn ft³/d (16.7mn m³/d) through to 2023, lessening the financial burden on Argentina and improving national energy security. The government will spend $1.49bn on the gas subsidy plan in 2021 and then over $1bn per year until 2025. Gas production of c.2.47bn ft³/d will receive a subsidy, although the government will only cover the difference between the price realised when the gas is auctioned and a ceiling price of $3.70/mn Btu. “In the past, we have seen how gas
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
