For its part, the Secretary of Energy of the Nation, Flavia Royón, stressed that the objective is to give certainty to investments with a federal perspective: “This is great news for the country in a global context of crisis and rising energy prices. It really This constitutes a true State policy, with which we seek to give the certainties so that investments can advance, with a federal look where all the basins of the country are contemplated”, he indicated.
Rounds 4 and 5 were established giving continuity to the “Plan to promote the production of Argentine natural gas-Scheme of supply and demand 2020-2024” Plan Gas.Ar, which made it possible to reverse the declining trend of 8 percent per year in natural gas production, obtaining increasing records of activity, drilling, fractures, and production. Through Resolution 770/2022a contest was called to extend the volumes of the current rounds until 2028 giving predictability to the industry, requesting incremental volumes associated with the new transportation capacity and to the federal development of all the productive basins of the country.
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Omar Gutierrez
“It is our objective to generate more production for self-sufficiency and export, and to consolidate exports to Chile and Brazil. It is estimated that the extension of the Gas.Ar Plan will allow currency savings of around US$27,000, while generating Subsidy savings of more than US$18,000 for the period 2023-2028″, indicated the head of the Ministry of Energy.
About Minister Sergio Massa In radio statements, he indicated that: “Not only does the gas pipeline represent an investment of 2,700 million dollars, but it also in volume bids, we received bids representing 93 percent more than the gas we demanded. We have offers for double the production of what we tendered”.
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He also pondered the possibility of self-sufficiency in a global context of rising prices of energy, which “gives us a price perspective, It allows us to fill the gas pipeline, supply the bulk of Argentine demand at the peaks as far as the infrastructure goes,” while in financial terms and care of reserves recognized that “represents a saving between the gas pipeline and the Gas Plan alone of more than 3,060 million dollars in our trade balance” indicated the head of the Palacio de Hacienda.
From the Ministry of Energy they celebrated the achievements and detailed the calculation of savings via social networks when analyzing that ensures tax savings that exceed 360 million dollars per year and more than 1,700 million dollars during the duration of the Gas Plan. In addition, these savings are ten times greater when considering the import substitution generated by all the rounds. They also stressed that with the levels of supply and prices obtained, the path towards self-sufficiency is strengthened. and that homes, industries and SMEs have energy at competitive prices.
Source: Ambito
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