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Tuesday, March 21, 2023

Massa meets with CAF to agree on loans for the Néstor Kirchner Gas Pipeline

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The Minister of Economy, Sergio Massa, will meet today in Chile with the director of the Development Bank of Latin America (CAF, former Andean Development Corporation) to agree on loans to finance complementary works of the President Nestor Kirchner Gas Pipeline (GPNK) and a program for access to the rights of people with disabilities, among other projects.

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The complementary works of the GPNK are a project for the Reversal of the Northern Gas Pipeline, which “It will make it possible to advance in the second stage of construction of the gas pipeline and to be able to start with exports to both Chile and Brazil from the north”reported sources from the Palacio de Hacienda.

Nestor Kirchner pipeline

Likewise, Massa will advance in the financing of a Program for the Promotion of the Social Model of Disability and Access to Rights of People with Disabilities (Andis).

The minister traveled accompanied by the Secretary for International Economic and Financial Affairs of the Ministry of Economy and director of INDEC (National Institute of Statistics and Censuses), Marco Lavagna; the president of Enarsa, Agustín Gerez; and his advisor in International Relations, Gustavo Martínez Pandiani.

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In view of the progress of the works of the Nestor Kirchner pipelinethe Government assured that from the 2024, Argentina will be 90% self-sufficient in the production and distribution of natural gas to supply local demand.

“He 2023 will be the last year that Argentina will make significant purchases of NGL”, assured today the Secretary of Energy, Flavia Royónby participating in the PDAC 2023 mining fair in Canada, together with the Secretary of Mining, Fernanda Ávila.

In this context, the official stressed that “Vaca Muerta is offering a growing production of natural gas at a value that will lead to a very strengthened Argentine energy matrix and at very competitive prices.“.

To evacuate the growing production of the Neuquén formation, Royon ratified that the construction of the Néstor Kirchner Gas Pipeline “it will be finished by June” and will allow 2023 “to be the last year that Argentina is going to make significant purchases of LNG.”

Within this framework, the secretary assured that “the gas roadmap is first, to strengthen and guarantee the self-sufficiency of more than 90% until 2024 and 2025 and later the export of gas”.

Source: Ambito

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