Financentra argentina presented investment possibilities in the power sector for us $ 30,000 million igas energy shares

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Dujovne referred to the measures that the government is taking to stabilize the macroeconomy and resume the development that the nation was bringing up till the middle gas vs electric oven temperature of final year. The official stressed that “as President Macri stated, Argentina is in a considerably much better scenario than in 2015. Final year was a tricky year for a lot of households and firms, but we have begun to lay the foundations for sustainable development and energy. create our complete prospective. “

“The results we are seeing in Vaca Muerta, which currently represents roughly 20% of the oil production and 40% of the gas production, is just the tip of the iceberg, we are only exploiting four% of the total surface”, affirmed the Secretary of Power electricity per kwh. “To continue on this path of development of investment and production we have to continue functioning at the table of Vaca Muerta with employers, unions and the provincial government,” he added.

As for the gas marketplace, it created a short evolution of the most important variables for the duration of the final years. In between 2005 and 2015 there was a systematic replacement of exports and nearby production, with sunken costs that reached a floor of US $ 1.9 per million BTU in 2012 for the importation of Liquefied Organic Gas to about US $ eight per million BTU.

Exports, in reality, resumed final year immediately after becoming abruptly suspended in 2007 and will develop just about every year, as additional gas gas stoichiometry problems will be obtainable in excess of domestic consumption. In February, they reached six.three million cubic meters per day. The government is in talks with Chile to establish mechanisms to make certain exports to the neighboring nation, initially in the eight months from September to April. The nation nevertheless requires to import LNG in the 4 months from May perhaps to August.

To continue growing production, on the other hand, Argentina gas tracker calls for substantial investments in infrastructure. In this regard, the Power Secretary announced that in August the tender for the building of a new gas pipeline to connect Vaca Muerta with Buenos Aires and the port and prospective extra extensions to current pipelines will be awarded. The building of a new gas pipeline includes investments of about US $ 1,500 million.

In addition, the government presented a get in touch with to public consultation final Friday to establish a Gas Import Replacement (RIG) plan via an auction whose base cost will be the equivalent of the import cost of Liquefied Organic Gas (LNG), with a leading electricity physics pdf of eight dollars and discounts that raise more than the years. The contracts that outcome gas efficient suv 2008 from the auction will have a duration of four years and will be applied to the four months that go from May perhaps to August.

In oil, Argentina has idle evacuation capacity and internationally aligned costs. In the course of the final months Shell, YPF-Petronas and Vista created investment announcements for U $ S 7,500 million in 4 years, which will raise production by an equivalent of 40% of present production. “By the finish of this year we will commence to be exporters of light oil, a thing unprecedented for Argentina,” the Secretary stated.

In addition to the possibilities presented by Vaca Muerta, Lopetegui highlighted the advance of renewable energies, which currently totals 126 of projects in improvement for four,593 MW of installed energy, and represented an investment of additional than bp gas locations US $ six,800 million in execution. In December 2019, wind and solar power will account for 12% of electrical energy consumption, versus two% represented four years ago.