The nuclear power plant, to be sited near Lima, about 100 kilometres north west of Argentina's capital, Buenos Aires, will use China's Hualong One technology - the HPR1000 reactor,

Argentina is expected to sign a five-year US$35bn infrastructure programme with China.

Uranium One is an international group of companies, part of Tenex (a subsidiary of Rosatom), and one of the world’s largest uranium producers with a diverse portfolio of assets worldwide, including in Kazakhstan, Tanzania and Namibia.

A $1.2 billion pilot stage aiming to produce 35,000 tons of green hydrogen is planned for 2022-2024, before a $7.2 billion first productive stage aiming for an output of some 215,000 tons of green hydrogen - enough to power 1.6 million homes.

Argentina's nuclear sector has three PHWRs with a total generating capacity of 1641 MWe across the Atucha I, Atucha II and Embalse power plants.

Before work was suspended, it was in line to be the world’s first operating SMR. The government licensed it as a prototype in 2009.

Brazil is responsible for almost half of the imports into South America for the record month, accounting for almost half of the total demand, or 37 Bcf for the month. Imports into Argentina have also been on the rise as domestic gas production and imports from Bolivia have proved insufficient to meet the projected demand for winter in the Southern Hemisphere.

Overall, the company plans to invest US$2.7bn in 2021 (+73% compared with a previous plan), of which 80% will be aimed at boosting oil and gas production in its fields,

Argentine Government Notifies IMF of Request for New Fund Arrangement

A major grain producer and once one of the world’s wealthiest countries, Argentina fell into its ninth sovereign default in May