Argentina unveils stimulus plan to boost natural gas production

Argentina announced a new program to boost natural gas production through a guaranteed price

system, in a bid to cut liquefied natural gas imports and reduce the country’s long running energy

deficit.

Under the program, which began on Thursday and will run through December 2018, the government

will compensate producers launching new natural gas projects for the difference between what they

receive in the market and $7.5 per million British thermal units.

Energy Minister Juan Jose Aranguren said last week that he expects Argentina to stop importing

liquefied natural gas in five or six years.

NGS INDIA