Argentina pursues $5 billion LNG project amid political havoc

Argentina’s state-run oil company, YPF SA, is pushing ahead with plans to build a $5 billion natural gas export terminal despite the political and financial chaos racking the nation.

The driller, which has led development of the nation’s Vaca Muerta shale trove, is in talks with potential international and domestic partners over designs for a liquefied natural gas facility. But the backdrop for those discussions has shifted dramatically after opposition candidate Alberto Fernandez beat market-friendly President Mauricio Macri in a key primary vote last month, sending shares of Argentine companies tumbling on concerns that a more protectionist government will take power.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.