Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Argentina readies gas plan to spur Vaca Muerta production

Argentine President Alberto Fernández is readying a sweeping plan to encourage local producers to increase natural gas production, the government said, hoping to ramp up output from the country’s massive Vaca Muerta shale formation.

Fernández will travel to the remote region, thought to house one of the world’s largest unconventional oil and gas reserves, to officially present the plan, the energy secretariat said in a statement.

“The aim of the plan is to encourage the growth of gas production in the coming years,” it said, adding the scheme would also push to involve more small firms, boost job numbers and increase value in the domestic production chain.

Argentina’s energy sector activity has plummeted this year due to the coronavirus pandemic and the fall in the international price of oil, which has hit higher-cost unconventional production particularly hard.

The government, which is battling falling levels of foreign reserves, said an increase in local production should cut energy imports, leading to “savings in dollars and a consequent improvement in the fiscal situation of our country.”

The government has previously indicated that producers will need to commit to sustaining or increasing production at 2020 levels, and will be allowed to increase exports outside of the winter period when domestic gas demand is lower.

(Reporting by Eliana Raszewski Writing by Adam Jourdan; Editing by Tom Brown)


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
Between mid-2019 and mid-2020, the amount of LNG terminal capacity in construction around the world more than doubled.
Executive Viewpoint: Excelerate Energy sees huge new-market potential for FSRUs
-Cal Bancroft
Excelerate Energy is a pioneer and market leader in floating LNG regasification solutions.
Executive Viewpoint: Midstream seeks cost-effective, “fit-for-purpose” solutions amid downturn
-Gregory L. Hall
BCCK Holding encompasses BCCK Engineering Inc., an international natural gas engineering company specializing in nitrogen rejection, nitrogen rejection for landfill gas, NGL recovery, CO2 removal, helium recovery, skidded LNG plants and oxygen removal.
Regional Focus: The role of small-scale LNG in Russia’s energy agenda
-Lorenzo Micucci, John Motta
A number of factors are challenging Russia’s position in the energy markets: the change in the global natural gas landscape, the abundance of gas, expanding LNG trade, and the increased interconnectivity among pipeline systems that makes possible reverse flows.


GasPro 2.0: A Webcast Symposium

Register Now

Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2020 Gulf Publishing Holdings LLC.