Argentina’s government is seeking to bolster producer confidence in the Vaca Muerta shale formation as the country’s economy enters choppy waters.
Buenos Aires will soon approve eight blocks as eligible to receive production incentives as part of its ‘Plan Gas’, whereby Buenos Aires pays $7.5/MMBtu for gas output, Argentina’s Energy Minister Juan José Aranguren said on 9 May. Another six blocks are likely to be cleared to receive the subsidies within a month, he added.
Five blocks already receive the incentives. This will mean...
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