Argentina’s mounting debt is delaying the country’s generous stimulus payments to gas producers, according to Buenos Aires-based sources.
"There appears to be a backlog in incentive payments that stems from Argentina’s debt," said a source close to the country’s Energy Secretariat, who wanted to remain anonymous.
Daniel Gerold of Buenos Aires-based G&G Energy Consultants confirmed the stimulus payment initiative, known as ‘Plan Gas’, may have been affected by Argentina’s large outstanding debt.
Buenos Aires paid ARS 5.78 billion ($363 million) to companies under Plan Gas in February...
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