The era of Argentine largesse is nearly over, with fewer than 40 days remaining of an incentive scheme that allowed producers to pocket a handsome $7.50/MMBtu for ‘new’ gas from existing concessions. It is still unclear what rewards will be available in 2018, but producers are bracing for a less bounteous Buenos Aires.
Argentina’s government has learned very little from its generosity, apart from the certainty that no good deed goes unpunished. The ‘Plan Gas’ incentives have – arguably – failed, because they have not boosted...
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