BLOOMBERG Milei taps oil vet to run state energy firm YPF 23-11-2023 14:48 Milei plans to tap Horacio Marín, a 35-year industry veteran who has worked in the US and South America, to become president and chief executive officer of YPF SA.
US COURTS Argentina gets delay on payment of US$16.1 billion in YPF case 23-11-2023 13:06 Judge agrees to temporarily delay enforcement of a US$16.1 billion court judgment against Argentina over its 2012 expropriation of oil company YPF.
PRIVATISATION PLANS Oil driller YPF surges as victorious Milei touts privatisation 20-11-2023 17:46 YPF SA surges following election of Javier Milei, who says he plans to privatise the state-owned oil and gas producer and remove controls stymieing the sector.
FUEL TAX FREEZE Massa says Argentina will freezes fuel levies until February 2024 01-11-2023 16:22 Deep into election campaign, Argentina's government postpones fuel tax hike to 2024 to avoid further price hikes.
Bloomberg Sergio Massa threatens to cut fuel exports amid shortage 30-10-2023 08:21 “If the fuel supply is not resolved by midnight on Tuesday, companies will not be able to send out export ships starting on Wednesday,” Massa tells reporters in Tucumán Province.
FUEL CRISIS? Argentines queue for fuel as FX shortage strands tankers at sea 26-10-2023 13:49 Growing lines at the pump and darkened gas stations at night are tangible signs of a fiscal crisis spiralling out of control.
BLOOMBERG Energy mogul boosts shale bet as Argentina’s renewable push stalls 14-10-2023 08:07 Pampa Energía’s bet on fossil fuels comes as Argentina reckons with a pivotal presidential election on October 22.
YPF RULING Government says US$16-billion US judgment is 20% of its budget 28-09-2023 21:12 Argentina said it wants to delay paying a US$16-billion court judgment over its 2012 expropriation of oil company YPF SA.
ENERGY & GAS Massa launches ‘Dólar Vaca Muerta,’ seeking US$1.2 billion 28-09-2023 09:09 Economy minister and ruling coalition presidential candidate looks to boost reserves and trim possibilities of exchange rate tensions in lead-up to general elections.
YPF COURT CASE Burford seeks to begin collecting US$16-billion Argentina judgment 25-09-2023 21:21 Litigation funder, which acquired claims of YPF ex-shareholders in 2015, seek permission from court begin collection efforts to satisfy a US$16-billion judgment over firm's expropriation, saying it is clear that Argentina had “no intention” of paying up.
OIL & GAS Argentina investors see rally in YPF bonds running out of steam 21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.
STATE ENERGY FIRM US judge orders Argentina to pay US$16.1 billion for YPF expropriation 16-09-2023 08:01 US federal judge Loretta Preska says government must pay nearly US$16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalisation of the YPF oil giant; Argentina vows to appeal ruling.
YPF RULING Burford eyes 37,000% return in US$16-billion Argentina award 11-09-2023 21:29 Litigation funder paid US$16.6 million for YPF seizure claims; Argentina has vowed to appeal Friday award by US federal judge.
ENERGY & GAS Bolivia says it's running out of natural gas, its top earner 31-08-2023 12:09 Bolivia is running out of gas reserves, its main source of economic income, the government of President Luis Arce acknowledged on Wednesday.
GAS & ENERGY Enarsa cancels LNG cargo on warm winter, low demand 12-08-2023 08:22 State-run energy company Enarsa cancels another shipment of liquefied natural gas amid low demand and warmer-than-usual winter.
GAS & ENERGY Election won’t derail shale growth, oil executives say 11-08-2023 15:36 Shale oil and gas industry will be shielded from any violent swings after upcoming elections, according to executives at the nation’s biggest energy companies.
CLIMATE & ENERGY At Argentina’s biggest gas field, residents lack heat and power 28-07-2023 13:59 A decade after production began at the vast reserves of Vaca Muerta, a town still waits on promises of a better future.
Energy Trade Argentina rejects Russia-sourced LNG cargo, citing sanctions 19-07-2023 17:10 Argentina takes action to prevent Russian LNG import for Enarsa due to sanctions
BLOOMBERG - OPINION JP Spinetto: Oil boom could save Argentina from economic crisis 17-07-2023 06:43 To seize a remarkable opportunity before hydrocarbon demand peaks, it must somehow keep its trademark political volatility and mismanagement in check.
Bloomberg Pan American Energy joins oil industry’s push into lithium 08-07-2023 14:26 Top crude exporter Pan American Energy Group plans to start exploring for lithium in the latest case of oil and gas producers joining the rush for the battery metal in a pivot away from fossil fuels.
ELECTION 2023 Ruling coalition lines up behind Massa, prepares ‘unity’ photo 06-07-2023 21:03 Sergio Massa, Alberto Fernández and Cristina Fernández de Kirchner in talks to “unite”at July 9 rally; Máximo Kirchner comes to presidential hopeful's defence, attacking IMF and Macrismo as social movements, mayors and provincial governors get in line behind candidate. by James Grainger
Bloomberg Key LNG buyer Argentina faces possible glut amid warmer winter 23-06-2023 00:52 An unusually warm winter in the southern hemisphere is threatening to saddle Argentina with a glut of liquefied natural gas.
ECONOMY Argentina begins filling the new Néstor Kirchner gas pipeline 21-06-2023 08:33 Argentina starts filling Néstor Kirchner gas pipeline, a key piece of energy infrastructure that could save the country billions in energy imports.
ENERGY & GAS Official: Néstor Kirchner pipeline is ‘45% complete,’ will be ready by June 16-04-2023 09:46 The Néstor Kirchner gas pipeline will start operating in June and will save US$2.2 billion by 2023, says head of state-owned firm Energía Argentina SA.
PRICE CONTROLS Fuel suppliers extend 4% monthly 'Precios Justos' price cap until August 13-04-2023 09:11 Major oil firms extend Precios Justos’ price control scheme for fuel, agreeing to cap petrol increases to monthly four percent until August in a bid to tackle inflation and keep costs at the pump down.
Oil production Shale oil exports to spur Argentina's trade surplus, official says 07-03-2023 17:07 Booming oil production out of shale patch Vaca Muerta will create surpluses in energy trade for Argentina to the tune of US$8 billion within a few years, says top official.
VACA MUERTA Vaca Muerta awakes as pipelines revive shale hopes 27-02-2023 15:07 Argentina’s energy industry has seen its fair share of false dawns, but the construction of a pipeline is an irrefutable step towards cutting the country's dependency on fuel imports.
ENERGY Vaca Muerta: Government's ace in the hole against energy price hikes 01-02-2023 10:37 Upward inflationary trend in first three months of year set to continue with further increases in utility prices on the way. But the government is banking on Vaca Muerta and the Néstor Kirchner gas pipeline continuing to pay off.
FOOTBALL & VIOLENCE One dead, more than 100 injured amid chaos at Gimnasia-Boca match 07-10-2022 09:14 One person died of a cardiac arrest on Thursday following violent clashes that started outside a football match on the outskirts of Buenos Aires before spilling into the stadium and onto the pitch, authorities said.
REFINERY EXPLOSION Oil and gas workers strike after three killed in Neuquén refinery explosion 22-09-2022 19:27 At least three killed after one of main crude oil tanks at New American Oil refinery in Plaza Huincul explodes; Local oil and gas union calls strike action while decrying lack of safety.
ELECTRICITY, GAS, WATER SERVICES Subsidies slashed – sharp rises coming for more than four million households 17-08-2022 13:05 Government hopes to save US$3.2 billion in 2023 with partial removal of subsidies for electricity, gas and water services; New Energy Secretary Flavia Royón announces a plan to trim assistance for the wealthiest, starting September.
ANALYSIS ‘Three clear groups’ in new tariff segmentation plan, says analyst 17-08-2022 13:04 Fernando Krakowiak, a journalist and educator with EcoJournal, describes the government's plan as "tariff segmentation" with "three clear groups: people with low, medium and high incomes."
ECONOMY Argentina plows ahead with utility-subsidy cuts key to IMF deal 16-08-2022 19:17 Plan is to impose the steepest increases on high earners and shield low-income users from the same treatment across gas, electric and water bills.
ENVIRONMENT Gas supplier TGN defends massive methane releases in Argentina 01-07-2022 16:35 Transportadora de Gas del Norte defends intentional release of methane directly into the atmosphere during planned pipeline work.
Bolivia Bolivian ex-leader Jeanine Áñez sentenced to 10 years in prison 13-06-2022 13:57 Bolivian ex-president Jeanine Áñez has been sentenced to 10 years in prison for an alleged plot to oust her rival and predecessor Evo Morales.
ENERGY Government relaxes FX rules for companies to boost Vaca Muerta development 24-05-2022 16:41 Foreign currency exchange restrictions loosened to encourage greater investment in the energy sector and generate foreign currency.
BRAZIL UNDER BOLSONARO Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar 24-05-2022 08:56 Brazilian President Jair Bolsonaro dismisses president of state oil giant Petrobras – who had been in the job for only 40 days.
economy Kirchnerites told to resign if they won’t approve gas, electricity hikes 13-05-2022 00:06 Challenging critical Kirchnerite voices, sources close to the Presidency said this week that any public official that opposes rises in utility prices “will not be able to continue in the government.”
ALBERTO IN EUROPE Argentina looks to Spain as an entry point for its gas to Europe 10-05-2022 16:33 Argentina intends to sell gas to Europe in the coming years and Spain could be its gateway, President Alberto Fernández tells Spanish Prime Minister Pedro Sánchez in Madrid.
ENERGY & INFRASTRUCTURE Game-changer? Argentina launches tender for construction of enormous gas pipeline 22-04-2022 09:40 President Alberto Fernández on Thursday launched a tender for construction of an enormous gas trunk pipeline beginning at Vaca Muerta gas field. What is the ‘Gasoducto Néstor Kirchner’ and why is it so important for Argentina?
ENERGY & INFRASTRUCTURE Government launches construction tender phase of mega gas pipeline 22-04-2022 01:35 President Alberto Fernández launches tender for construction of game-changing gas trunk pipeline from the Vaca Muerta unconventional gas field in southwestern Argentina.
ENERGY AUTONOMY FOR ARGENTINA? Argentina’s next president to benefit from gas export dollars 22-04-2022 01:14 President Alberto Fernández's government is speeding up construction of the Néstor Kirchner pipeline. If all goes well, it would be ready for the second half of 2023, but in the meantime, Argentina will spend at least two winters importing gas.
BLOOMBERG – ANALYSIS Starving for natural gas, Argentina gets relief from Bolivia 09-04-2022 00:17 Argentina is getting help from neighbouring Bolivia in its bid to muddle through the upcoming winter without rationing natural gas supplies.
ENERGY Fernández secures ‘guaranteed’ gas supply from Bolivia 07-04-2022 23:06 Luis Arce’s government commits itself to delivering a daily 14 million cubic metres of gas to Argentina this winter, the same volume as last winter; Amount could rise to 18 million if Brazil’s energy requirements are lower.
BLOOMBERG - ANALYSIS Global energy upheaval threatens years of natural gas shortages 07-04-2022 22:05 War, the energy transition, severe weather and surging demand are creating a period of upheaval that is tightening natural gas supply like never before.
POLITICS & ECONOMY Argentina to hold talks with Bolivia and Brazil over gas supplies 05-04-2022 16:59 Alberto Fernández will receive his Bolivian counterpart Luis Arce on Thursday to begin negotiations over the supply of gas during the cold Winter months.
BLOOMBERG War turns Argentina's shale boom dream into gas-buying nightmare 28-03-2022 13:10 Despite huge shale-gas deposits, Argentina is competing for shipments of liquefied natural gas – its timing could scarcely be worse, as prices have skyrocketed.
As I see it The new energy crisis could suit Argentina 11-03-2022 11:30 Fossil fuels are back in fashion. Western leaders are now searching frantically for exploitable oil and gas deposits that are beyond Putin’s reach. by James Neilson
BLOOMBERG – ANALYSIS IMF-backed subsidy cuts are boon to power producers 10-03-2022 18:10 Energy producers in Argentina are poised to fare best from the agreement with the International Monetary Fund.
ENERGY Argentina to raise power, natural gas prices by 17% and 20% in 2022 29-12-2021 14:47 Argentina is preparing to announce hikes to household utility tariffs in 2022, with a 17 percent cap on electricity prices and 20 percent cap on natural gas prices.