British company FMI Minecraft is working on a project to mine the cryptocurrency Bitcoin using natural gas from Argentina’s Vaca Muerta. The project would be in the Zapala free trade zone in the province of Neuquén and source gas from the Vaca Muerta, or ‘Dead Cow’ shale formation. “Vaca Muerta is great because there are…
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Vaca Muerta Shale’s Natural Gas Pipe Said ‘First Step to Going Global’
Argentina’s government has published a decree granting the natural gas transport concession for the Néstor Kirchner pipeline project to state natural gas buyer Integración Energética Argentina SA (Ieasa). Ieasa, which is also responsible for sourcing liquefied natural (LNG) imports in the country, has been given authorization to create a trust to construct the pipeline. The…
Argentina Ramps Up Oil, Natural Gas Output as Efforts to Curb LNG Imports Continue
Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…
Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak
Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…
Argentina Advancing Vaca Muerta Natural Gas Pipeline Project
Natural gas output from Argentina’s Vaca Muerta formation in the Neuquén Basin has been growing steadily, and President Alberto Fernández has greenlighted an infrastructure project to move the fuel to market. The aim of the project is to further spur natural gas production from Vaca Muerta and to reduce the nation’s reliance during winter months…
Argentina Launches Third Natural Gas Tender to Boost Production Amid High Prices
Argentina’s government has launched a natural gas tender to try to shore up domestic supply starting in the Southern Hemisphere winter in 2022. The majority of the gas would come from the Neuquén Basin, home to the massive Vaca Muerta formation. Energy Secretary Darío Martínez said the objective of the tender — part of the…
Argentina Bets on Natural Gas in Hydrocarbons Bill as Vaca Muerta Comes to Life
Argentina’s government has sent a bill to its congress to support the exploration and production of hydrocarbons in Argentina over the next 20 years. One of the key elements of the bill is that the “process of energy transition involves primarily the general adoption of natural gas in the energy matrix.” The bill includes price…
Argentina Natural Gas Output Rising Amid Impetus for Vaca Muerta-Brazil Pipeline
Natural gas production in Argentina rose for a second straight month in July as the country’s Plan Gas 4 tender scheme started to show results. “Thanks to Plan Gas 4, we are achieving great production results,” Energy Secretary Dario Martínez said. “We’re breaking production records and this allows us to continue growing the sector and…
Argentina LNG Export Ambitions Said Unlikely to Materialize Before 2030
Argentina is unlikely to develop serious liquified natural gas (LNG) export capacity this decade because of the current political and economic unpredictability, researchers at the country’s Austral University and the UK’s Oxford Institute for Energy Studies said recently. However, while “Argentina might not become a relevant LNG exporter in this decade,” the country “will continue…
Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs
Argentina has commissioned a second floating, storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…