Argentina Readies Legislation to Advance Energy Sector, Including LNG Exports
(Reuters) — Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that "would give certainty" to energy producers and help advance Argentina's LNG agenda.
The Vaca Muerta shale basin, the world's second largest unconventional gas reserve and the fourth largest oil reserve, gives the country strong advantages in oil and gas markets, he said, speaking to an audience of energy executives in Houston.
"I am convinced that based on the amount of reserves that Argentina has, we must think about designing a country where energy is the central axis," Fernandez told the audience that included executives from Chevron Corp., Exxon Mobil Corp., Equinor, Shell and Schlumberger.
The energy bill, being drafted with Economy Minister Sergio Massa, will encompass LNG, hydrogen, lithium, solar and other forms of energy, Fernandez said in remarks after the event.
The South American country will have an energy trade deficit again this year, Fernandez said, but the government expects that rising output in Vaca Muerta and the construction of a key domestic gas pipeline will reverse that deficit. By 2026 Argentina would register a $13 billion energy trade surplus, he said.
Energy companies operating in Argentina hope the gas line will be ready soon, executives in the meeting said, noting that a lack of sufficient capacity has delayed some gas production increase plans and held back output of oil and associated gas.
Related News
Related News

- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
Comments