Argentina to retake YPF, LNG import future uncertain

摘要

Argentina is planning to nationalize YPF, Reuters reported April 26. The move will likely mean that the company will end its importation of LNG, according to the report. Argentine Pres. Cristina Fernandez unveiled plans last week to retake the 51-percent stake in YPF owned by Repsol. The decision stems from "the need to reverse free-market thinking in [the] energy policy," said Argentine Sen. Marcelo Fuentes. Argentina has accused Repsol of under-investing in domestic oil and gas fields and failing to keep pace of the economy's needs.