2020-04-23 14:55:00
ARGENTINA'S OIL PRICE $45
ENERDATA - 23 Apr 2020 - The Argentinian government plans to set a minimum oil reference price for local producers at US$45/bbl, with the objective to increase domestic production and to limit imports. The country would take the price of Medanito, a light crude from the basin of Neuquén, as a reference. According to the draft of the presidential decree, the minimum oil reference price would be applied retroactively from 1 April 2020 and would remain in place until 31 December 2020.
The average break-even oil price for most Argentinian producers is estimated at more than US$30/bbl but can be higher than US$50/bbl for projects in the Vaca Muerta shale gas play in the Neuquén province. Shale gas production from Vaca Muerta has increased steadily in the last two years. Argentina bets on the Vaca Muerta field to improve domestic energy supply and begin natural gas exports.
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Earlier:
2020, February, 24, 10:20:00
ARGENTINA'S RENEWABLE UP BY 86%
Renewable power production in Argentina jumped by 85.9% year-on-year to 956 GWh in January
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2019, July, 20, 12:25:00
ARGENTINA'S GAS PRODUCTION UP
U.S. EIA - Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018.
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2019, June, 21, 09:50:00
ARGENTINA'S LNG UP
Natural gas demand seasonality and growth in shale production have supported the development of LNG exports in Argentina. Argentina’s natural gas consumption peaks during the austral winter (May to September) and remains relatively low during the rest of the year.
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