Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. Lew and CEO Pablo Iuliano hosted a call to discuss the 51% state-owned oil and gas company’s third-quarter results. YPF and Malaysian national oil company Petronas signed a memorandum of understanding on Sept. 1…
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Vaca Muerta Natural Gas to Fuel Planned Argentina LNG Project
Argentina’s President Alberto Fernández unveiled Thursday an LNG project to export gas sourced from the prolific Vaca Muerta formation. The $10 billion project would be developed jointly by Argentine state oil firm YPF and Malaysian liquefied natural gas giant Petroliam Nasional Berhad, aka Petronas. “We have the energy that the world needs and will need…
Fueled By Energy Crisis ‘Opportunity,’ Argentina Set to Develop LNG Export Facility
Argentina’s President Alberto Fernández unveiled Thursday an LNG project to export gas sourced from the prolific Vaca Muerta formation. The $10 billion project would be developed jointly by Argentine state oil firm YPF and Malaysian liquefied natural gas giant Petroliam Nasional Berhad, aka Petronas. “We have the energy that the world needs and will need…
Argentina’s YPF Upping Capital Budget to $4B, Driven by Vaca Muerta Shale
Argentine national oil company YPF SA has raised its capital expenditure (capex) forecast for full-year 2022, with a focus on developing the Vaca Muerta Shale formation. New CEO Pablo Iuliano and CFO Alejandro Lew hosted a conference call to discuss the 51% state-owned company’s second-quarter results. “Better-than-expected economic performance so far in 2022 enhanced our…
Argentina Takes Step Forward in Key Vaca Muerta Infrastructure Project
Argentine officials have unveiled the companies vying for the right to construct the 24 MMm3/d Néstor Kirchner pipeline natural gas pipeline. The companies that presented bids were Btu SA, Esuco SA, Transportadora de Gas del Sur SA, and two consortia: Techint SA-Sacde SA and Contreras Hermanos SA-Víctor Contreras SA. If the offers qualify, economic bids…
Tenaris Welding Pipes for Vaca Muerta Pipeline as Argentina NatGas Production Continues Rise
Global steel manufacturer Tenaris SA has won a contract for the natural gas pipeline that would connect Argentina’s Vaca Muerta shale formation to capital Buenos Aires and other large consumption areas. After three years of “low activity,” Tenaris’s mill in Valentín Alsina, Buenos Aires, is set to start operations to supply welded pipes for the…
Argentina Launches Tender for Vaca Muerta to Buenos Aires Natural Gas Pipeline
Argentina has officially launched the tender for construction of the 563-kilometer (350-mile) Néstor Kirchner natural gas pipeline. The project would expand the capacity of the country’s natural gas transport network by 25% and enable continued development of the Vaca Muerta Shale formation in the Neuquén Basin, said state-owned Energía Argentina, which is in charge of…
Vaca Muerta Shale Driving Natural Gas Production Surge for Argentina’s YPF
U.S. onshore producers may be limiting annual production growth to 5% or less, but don’t tell that to Argentina’s 51% state-owned YPF SA. The Vaca Muerta shale play in the Neuquén Basin drove a 16% year/year increase in oil and gas output to 506,000 boe/d during the first quarter for the integrated producer. On a…
Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…
Vaca Muerta Natural Gas Pipeline Advances as Regional Market Tightens
Argentine officials last week celebrated the launch of the Néstor Kirchner pipeline to bring natural gas from the Vaca Muerta shale deposit to capital Buenos Aires. “Here in Argentina we have natural gas for another 200 years, and gas is the energy that the world has decided will be the transition fuel to renewable energies,”…