Argentina

Argentina is scheduled to announce the winners of bids in the natural gas tender program on Dec. 15, according to Energy Secretary Darío Martinez. Winning companies are to be judged based on a “mechanism that guarantees transparency and competitiveness between producers,” according to Martinez. The aim of the tender program is to reverse falling natural…

Natural gas production in Argentina fell by 10.9% year/year in September to 122.8 million cubic meters/day (MMm3/d), or 4.37 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Production was down from 4.38 Bcf/d in August.  Analysts attributed the drop to restrictions in place because of the coronavirus pandemic. Argentina has had…

Belgium-based Exmar has reached a settlement agreement with Argentina state oil and gas firm YPF SA over the Tango floating liquefied natural gas (LNG) vessel docked at the Bahía Blanca port. YPF issued a force majeure notice in June claiming it couldn’t meet the terms of its charter agreement for the Tango vessel because of…

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…

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…

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…

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…

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…

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…