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Project Insights

Chilean market may not satisfy Argentina for long

Argentina’s government is approving more gas exports to Chile, but volumes are relatively small and Chilean gas demand may not grow fast enough Argentina’s government is approving more gas exports to Chile, but volumes are relatively small and Chilean gas demand may not grow fast enough.
By Elena Mataro 6 June 2019 Americas / Exploration & Production 0 34280
A drillpad in the Vaca Muerta formation, Argentina. (YPF)

The key issue: Buenos Aires gave permits in May to allow three more companies to export Argentine gas to Chile. Further requests are expected to be approved in the next few weeks from Total, YPF and Pan American.

Interfax analysis: Chile is proving a reliable customer for Argentina’s seasonal gas surplus. But larger markets will be needed if Argentine output keeps growing. 

YPF obtained two export approvals in May authorising it to send gas to Chile from the El Portón and Loma La Lata-Sierra Barrosa concessions, both...