Argentina glimpses a gas price
Buenos Aires is successfully weaning the country off energy subsidies. Now there are signs of a real price for gas Buenos Aires is successfully weaning the country off energy subsidies. Now there are signs of a real price for gas.
15 March 2018
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A Wintershall well in Argentina. (Wintershall)
Argentina is finally in sight of having a genuine gas price. YPF’s Chief Financial Officer Daniel González said in a call with analysts last week the state-run company was expecting an average sales price of around $4.9/MMBtu in 2018, which would be flat on 2017 levels.
The level of the price is less important than its composition. González said the price will be determined almost entirely by market forces. “Close to two-thirds of the price was coming from the market [in 2017], and...
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