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Policy & Regulation

Argentina’s gas sector bears brunt of financial crisis

The country's problems have cast doubt over the tender for a new pipeline in the Vaca Muerta shale play, with the deadline postponed until after October’s election The country's problems have cast doubt over the tender for a new pipeline in the Vaca Muerta shale play, with the deadline postponed until after October’s election.
By Elena Mataro 3 September 2019 Americas / Supply & Demand 0 34541
A drillpad in the Vaca Muerta shale play. (YPF)

Argentina's financial and political crisis has been escalating rapidly since a little over three weeks ago, when President Mauricio Macri lost the primary presidential elections by a larger-than-expected margin.

The government has resorted to relief measures to solve the country’s financial problems, including freezing residential gas prices. However, the tender for the new Vaca Muerta-Salliquelo pipeline remains clouded in uncertainty. The deadline for companies to submit bids to build the pipeline has been extended by 60 days until 12 November – meaning it will take place...