Argentina faraday energy

Will YPF and shell develop liquefied natural gas in Argentina?

Argentina's state-run oil company YPF and oil major Shell signed an agreement to develop the country's flagship liquefied natural gas (LNG) project, the companies said on Thursday.

Why are oil and natural gas production rising in Argentina?

Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields.

How much natural gas is produced in Argentina?

An average of 5.0 billion cubic feet per day (Bcf/d) of natural gas was produced in Argentina over the first nine months of 2024, 5.2% more than the same period in 2023. In August, natural gas production averaged 5.4 Bcf/d, the most of any month in 21 years.

Why did Argentina's natural gas imports fall 47% in 2024?

Argentina’s natural gas imports via pipeline fell by 47% in the first nine months of 2024 compared with the same period in 2023. The decline was largely because pipeline imports from Bolivia, which made up around half of Argentina’s natural gas imports in 2023, ended in September 2024.

Why have Argentine energy shares soared so much?

Share prices for many Argentine energy companies have more than doubled since Milei’s victory, building on explosive growth in recent years. Shares in Vista Energy, which has benefited from its narrow focus on Vaca Muerta’s shale oil to become Argentina’s largest non-integrated producer, have soared almost 700 per cent in the past three years.

Could Argentina be a major energy exporter?

In a remote, scrubby stretch of Patagonian desert, Argentina’s future as a major energy exporter is taking shape. A team of 10, working in September in a corner of the vast Vaca Muerta shale formation in the western province of Neuquén, hauled 75cm-thick carbon steel tubes into place and welded them together to build an oil pipeline.