Argentina: High Prices Boost Vaca Muerta Gas Projects

摘要

Natural gas projects are set to dominate the next phase of development in Argentina's Vaca Muerta shale play because subsidized prices make gas production profitable while the economics of oil projects remain difficult. Industry sources interviewed in Buenos Aires and Neuquen say the main reason for companies' interest in gas projects is a national program that offers producers $7.50 per million Btu for gas derived from new investment projects.