ARGENTINA AIMS TO COMPETE WITH QATAR ON LNG AT THE EXPENSE OF “DEAD COW”

Argentina’s state-owned company is merging its LNG projects with private Pan American Energy to expand LNG production from the Vaca Muerta field.

Argentina YPF is poised to combine its LNG project with a plant being developed by Pan American Energy Group and Golar LNG, Bloomberg reports.

The move is aimed at boosting production and exports from Argentina’s Vaca Muerta (Dead Cow) shale field, the world’s second-largest shale gas field. The merger of these two LNG projects is expected to strengthen Argentina’s position in the global LNG market and compete with the United States and Qatar.

Argentina is exploring regional partnerships, first with Chile and now with Brazil, to transport growing production from Vaca Muerta.

According to the report, President Javier Miley, in power for a year, aims to improve the economic climate in Argentina. His administration has presented a program that offers long-term tax and currency breaks, approved by Congress, attracting energy and mining companies.