Argentina Procurement News Notice - 17949

Procurement News Notice

PNN 17949
Work Detail Argentina plans to increase its gas production to be able to export to countries in the region by 2020 or 2022, when it will gradually reach a truly substantive level of production to supply gas to the countries of the region. With this, Argentina will suspend or import very little gas from Bolivia, as well as Brazil. The production will come from the deposits of Vaca Muerta, in the south of the country. The first objective of Maurício Macris government is for the country to stop being a gas importer, said Foreign Minister Jorge Faurie. "We have reserves that make us the second world reserve of shale gas. The chancellor is very much at a pace of production that is advancing at a sustained pace and will not depend on gas imports in two years. Argentina begins to export to Chile gas from the countrys main deposit: Gas extracted from Vaca Muerta, which has a very convenient price. Later, "as long as we can have a blender to export to other markets by ship, we will be offering gas on the international market like the United States or Canada," the minister said. It is estimated that the Dead Cow deposit also holds the fourth largest unconventional oil reserve on the planet.
Country Argentina , South America
Industry Oil & Gas
Entry Date 23 Nov 2018

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