Latin America & Caribbean

YPF should stop sweating over subsidies – analysts

YPF’s CFO was rattled by an apparent change in Argentina’s gas subsidy regime during a call last week, but experts say the executive should relax YPF’s CFO was rattled by an apparent change in Argentina’s gas subsidy regime during a call last week, but experts say the executive should relax.

By Chris Noon 14 November 2017 0 28369

YPF oil tanks in Catriel, Argentina. (PA)

Argentine state-run giant YPF surprised industry observers last week when it detailed plans to boost investment in crude production at the expense of gas, citing disappointment over cuts to the country’s gas-focused incentives. But despite the company’s concern, most experts believe the terms for gas production in Argentina remain favourable.

Chief Financial Officer Daniel Gonzalez told investors during the company’s Q3 2017 earnings call on Thursday that YPF planned to reduce investment in unconventional gas production in areas that are ineligible for the full...

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