Argentina plans to spend about $1.8B on LNG imports in coming months, its last big purchase before a key gas pipeline to be inaugurated from its massive Vaca Muerta shale region brings balance to domestic gas supplies $YPF🐮
reuters.com
reuters.com
The South American country is in talks with funds from Saudi Arabia and China for financing the second phase of the gas pipeline from Vaca Muerta. The gasline's first phase, needed to transport domestic gas to customers, is planned to be inaugurated in June.
Argentina also is engaged in talks with Brazil over gas supplies, both via pipeline and possibly by LNG cargoes in the future, as the Brazilian governments looks to diversify its sources and types of gas imports.
$YPF and Petronas negotiating first phase of a massive natural gas project that will include LNG production and exports, with final investment decision planned for 2024.
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