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LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

August 30, 2024

What Will a New $30 Billion Gas Plant Mean for Argentina?

A new $30 billion liquefied natural gas plant that Argentine state oil company YPF and Malaysia’s Petronas are planning would be Argentina’s largest ever investment, said Río Negro Governor Alberto Weretilneck. // File Photo: Province of Río Negro.

Q

A

Jose L. Valera, partner at Mayer Brown in Houston: “This project represents reaching a global market for Argentine natural gas. As such, the most important aspects of this project are that it will spur further development of Argentina’s large natural gas resources, attract massive capital investment into energy infrastructure, create new jobs from the wellhead through the point of export and bring into Argentina very large export revenues. Argentina needs all of this, as it climbs out of the financial, monetary and economic hole dug by prior administrations. The fact that this project is taking shape means that Argentina is being viewed as a place for large investments, and, like this project, many more capital investments will come in many industries. Argentina is fighting inflation, currency devaluation, fiscal deficits financed by printing money, low employment, a lack of foreign reserves, a low-performing economy and…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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