In turn, Sajaroff assured that YPF Light It is “a provider of energy solutions, basically electric because it is our Core, which adapts to what each client needs”, using as an example the construction of the Cementos Avellaneda Wind Farm in Olavarría, while highlighting that “the complementarity between natural gas used efficiently and renewable energies is the path of transition in the world and of course in Argentina, where there are an infinite number of resources to be used and we are taking advantage of them.”
“Today, the industry is asking us to provide renewable energy for its process at prices higher than those dictated by law,” he stressed.
The development of renewable energies
When making a diagnosis at the national level, Evangelista indicated that “there is a whole development of renewable energies that due to infrastructure issues or necessary investments will take a longer time” and assured that “surely Natural gas is emerging as the cleanest transition energy source, “So we should replace fuels such as diesel, since the level of emissions is considerably lower.”
In this regard, Sajaroff indicated that “Argentina had an exceptional development in renewable energies, But all that represents approximately 14% of total electricity consumption, considering solar, wind and biomass, among others.”
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“From our generation needs, there is a very important value that has to be supplied by a source that is still non-renewable. In this case, natural gas plays a fundamental role due to availability and conditions and because it allows us to compensate for the volatility of a resource such as the sun or the wind, where I am not sure of having it 24 hours a day,” he explained.
The operations of companies
Giving examples of Excelerate’s operation, Evangelista highlighted the ship that the company has in Escobar. “It has a storage capacity of 150,000 cubic meters of LNG, which with the factor of 600 when one liquefies, means that you have 90 million cubic meters in storage.” “It has a fundamental and strategic importance, because it is a very important storage and regasification capacity in the area of greatest consumption,” express.
“What Escobar does is supply a very significant volume of gas to the network during peak periods during the winter. In the most important area in Buenos Aires, 44 million cubic meters can be consumed on a winter day and this ship can inject more than 22. That is to say, in case of any need, the ship has significant capacity and is in a nearby area, so the response is immediate,” he said.
Meanwhile, Sajaroff indicated that “natural gas is unique in the entire system,” beyond some exploitations or projects with gas production at source such as Campana Hill, Dead Cow or Chubut, where we have generation that uses gas as soon as it is extracted.”
“We currently have projects in eight provinces and the solutions are adapted to local issues such as availability of resources and access to the transport network. To cite an example of innovative solutions, we have in Neuquén a development that uses flare gas to power cryptocurrency mining. We give a use to something that is discarded and add value to something that would have been pure waste,” he explained.
Mining and the potential of LNG
The reference of YPF Light He added that “the mining It is one of the vectors and we have to provide solutions for what is not its corethat is to say profitable energy in an efficient and competitive manner”, For this purpose, the company also develops high voltage lines, as it did in different parts of the country.
“Today we have three projects under construction. One is a wind farm in General Levalle, which has the largest wind turbines in South America. Added to this is the Cementos Avellaneda project, which will be 7 megawatts, and a solar project in Mendoza that has 200 megawatts and occupies 350 hectares of solar panels,” he said and highlighted: “In total, there are almost 420 megawatts and it is worth 500 million dollars.”
“Each technology has different values, but we have reached ten times the growth in the next few years in terms of energy and four times in terms of the company. We are constantly growing every year and we have been combining renewable and thermal energies. Today we are third in the generation ranking, both total and renewable energies, and we lead in what is called the master generation,” he stressed.
Meanwhile, Evangelista focused on the potential of LNG and gave the example of a neighboring country. “It is a decision at the country level. Brazil has a large part of its advanced energy matrix in hydraulic generation, but in 2001 there was a tremendous drought that became cyclical and so it reinforced its system through thermal generation with the provision of natural gas as a security policy,” he compared.
“We still have to walk to see what the future of the country is and the potential of LNG in Argentina. We believe that we are complementary to that development on that path that must be taken,” he said and clarified: “Vaca Muerta has the potential and there is a window of time, but it is not infinite. Decisions must be made and development must be carried out.”
The possibility of hydrogen
Sajaroff added that “in the more distant future there is another vector that could be hydrogen” and pointed out: “The green hydrogen It requires large amounts of generation, which in our case, the feasibility of the resource is in the Patagonia by high winds.”
“There are projects of thousands of megawatts that would be a way to export renewable energy to the world. The time window is uncertain, but we are prepared.”he indicated.
Meanwhile, Evangelista stated that “in the case of the future export of hydrogen, in order to transport it by ship you have to take it in the form of ammonia to make it liquid and to make transportation profitable” and explained: “It is a concept similar to what is done with natural gas.”
Argentina’s future in renewable energy
Thinking long term, the benchmark of YPF Light He was optimistic and said: “I see the country as a provider of affordable, efficient energy sources and on the path to transition in the world. Argentina has the resources and potential to be an energy exporter.”
“When the development of these energies began, we started late. We were far behind China or Europe. But that allowed us to capture lessons learned in costs. For example, solar photovoltaic technology dropped 80% in dollars. The positive fact was that it allowed us to capture much more competitive technology,” he stressed.
Evangelista admitted that his vision “is mixed with desire,” but warned: “Argentina knew how to resolve the geological issue as in Vaca Muerta, it has resolved the issue of extraction that is now competitive in comparison with other countries and investments have been made in gas pipelines, beyond how much it cost us. That is to say that steps are being taken.”
Looking ahead, he said that “there is an important fact about how to ensure companies that want to invest, with clear guidelines,” for which he highlighted “RIGI and the question of implementation”.
“If one addresses these issues, issues related to investments will be resolved and companies will be provided with tax benefits or a security framework with a certain visibility for years to come will be provided. One sees that all this tends to make things happen. I think we have this window of opportunity: we have to develop Vaca Muerta and Argentina has a great chance to do so,” complete.
Source: Ambito
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