Argentina

Natural Gas Seen as Key Component of Post-Covid Energy Sector in Argentina

Natural Gas Seen as Key Component of Post-Covid Energy Sector in Argentina

Argentina’s Vaca Muerta shale formation has “enormous potential” and natural gas will form an important part of energy strategy in post-coronavirus Argentina, according to Dr. Javier Papa, Argentina’s undersecretary of energy planning at the Energy Secretariat.  Speaking at the “Insights for defining Latin America’s regional energy agenda for a Post-Covid-19 era” virtual event organized by…

October 13, 2020
Argentina Natural Gas Production Down 14% in August

Argentina Natural Gas Production Down 14% in August

Natural gas production in Argentina fell by 14.1% year/year in August to 124.1 million cubic meters/day (MMm3/d), or 4.38 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Production was down from 4.47 Bcf/d in July.  Analysts attributed the drop to restrictions in place because of the coronavirus pandemic. Argentina has had…

October 7, 2020
Argentina, Brazil Officials Push for Greater Natural Gas Integration

Argentina, Brazil Officials Push for Greater Natural Gas Integration

Argentina’s Energy Secretary Dario Martínez spoke virtually with Brazil Energy Minister Bento Albuquerque on Tuesday to discuss further energy integration between the two countries. Part of the discussion revolved around a natural gas scheme to boost production in Argentina set to be announced “soon” that could benefit Brazil gas consumers, according to a statement from…

September 30, 2020
Argentina Said Poised to Need Additional Natural Gas Starting Next Year

Argentina Said Poised to Need Additional Natural Gas Starting Next Year

Macroeconomic and political uncertainty could stymie development of Argentina’s vast Vaca Muerta shale play in western Argentina, leading to a greater need for natural gas imports. “There is a lot of uncertainty because of the exchange rate, macroeconomic conditions, and fracking activity which is almost halted, not only due to the pandemic effect but because…

September 24, 2020
Argentina’s President Calls for Oil, Gas Push to Advance Economic Development

Argentina’s President Calls for Oil, Gas Push to Advance Economic Development

Argentina’s President Alberto Fernández, in a meeting with new energy secretary Darío Martínez last week, said the country needed to stimulate oil and gas production as a road to national economic development. In the presidential residence in Olivos last Thursday, Fernández echoed what he said last year during campaigning. The energy sector was key to…

September 3, 2020
Argentina’s Natural Gas Plan Said Aimed at Stabilizing Production

Argentina’s Natural Gas Plan Said Aimed at Stabilizing Production

Although not yet official, Argentina is reportedly set to launch a tender program aimed at guaranteeing the country’s natural gas supply for the upcoming four years. The proposed tender system would consist of a four-year block auction mechanism starting in October, which would differentiate offers for the peak winter season and the rest of the…

August 18, 2020
Pandemic Market Turmoil Set to Cut into E&P Spend South of Border

Pandemic Market Turmoil Set to Cut into E&P Spend South of Border

U.S. exploration and production (E&P) companies arecuttingcapital expenditure (capex) by 35-40% from 2019 as oil prices continue to get hammered and demand is destroyed by the coronavirus pandemic, but spending reductions could be even harsher south of the U.S. border.

April 23, 2020
NatGas from Argentina’s Neuquén Fetches $1.79/MMBtu for April in Auction

NatGas from Argentina’s Neuquén Fetches $1.79/MMBtu for April in Auction

Natural gas from Argentina’s province Neuquén, home to most of the Vaca Muerta deposit, fetched $1.79/MMBtu on average in the latest online auction held by Argentina’s online gas market Mercado Electrónico del Gas (Megsa).

March 31, 2020
NatGas from Argentina’s Neuquén Fetches $1.79/MMBtu for April in Auction

NatGas from Argentina’s Neuquén Fetches $1.79/MMBtu for April in Auction

Natural gas from Argentina’s province Neuquén, home to most of the Vaca Muerta deposit, fetched $1.79/MMBtu on average in the latest online auction held by Argentina’s online gas market Mercado Electrónico del Gas (Megsa).

March 31, 2020
Argentina Taking Advantage of Cheap LNG in Preparation for Southern Cone Winter

Argentina Taking Advantage of Cheap LNG in Preparation for Southern Cone Winter

Despite growing domestic gas production from its Vaca Muerta formation and plans to develop large-scale liquefied natural gas (LNG) facilities, Argentina has ordered 11 LNG cargoes for the upcoming Southern Cone winter as prices for the super-chilled fuel continue to suffer from the demand shock of the coronavirus.

March 25, 2020
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