Who will be the authorities of Argentina LNG
The truth is that Argentina LNG SAU has as sole shareholder YPF SAaddress at 515 Macacha Güemes Street, where the flag oil company tower is located, in the Puerto Madero neighborhood.
The president of the company will be Gustavo Ernesto Di Luziothe vice president Pablo Andrés Gasparuttiwhile the regular directors are Patricio Da Re; and the substitutes Agustín Rebello, Marcelo Adrián Núñez and Marcos Capdenot.
Meanwhile, the Supervisory Commission is made up of three regular trustees and three substitute trustees, with a mandate for two years. The titular trustees are Emilio Alberto Bartolomeu, Luis Rodolfo Bullrich and Eduardo Alberto Baldi. The substitute trustees are Marcela Inés Anchava, Mariano Francisco Muruzeta and Pablo Javier Venarotti.
What will be the objectives and scope of the YPF Argentina LNG company?
The Company’s objective is to carry out, on its own, through third parties or in association with third parties, natural gas liquefaction, including, but not limited to:
(Yo) the construction and/or contracting of liquefaction facilities, in consecutive stages, which may include new or existing liquefaction facilities;
(ii) the construction of dedicated infrastructure for the transportation of natural gas and/or the contracting of transportation capacity, in new or existing infrastructure, to ensure the supply of natural gas necessary for the projects, as well as the construction and/or contracting of facilities complementary midstream;
(iii) the construction of facilities associated with LNG;
(iv) the processing and liquefaction of natural gas, as well as the provision of liquefaction services to third parties;
(v) the purchase of natural gas, and the marketing of liquefied natural gas, liquids derived from natural gas and other hydrocarbons;
(vi) the contracting of maritime freight, the execution of charter contracts, leasing and/or any other similar modality
(viii) the request for use permits, concessions, acquisition of real estate by any title and/or the celebration and execution of concession and/or related contracts with the purpose of ensuring the territorial scope necessary to carry out the activities mentioned in the previous sections;
(viii) the processing, application and obtaining of the permits and/or authorizations necessary to carry out the activities mentioned in the previous sections;
(ix) the investment, participation and contribution of capital in companies or companies or groups or temporary unions, established or to be established, in the country and/or abroad, whether for ongoing businesses or to be carried out, linked, but not limited, to the activities mentioned; and
(x) any other complementary operation related to the previous paragraphs. For the development of businesses that are linked to the aforementioned activities, the Company may enter into all types of contracts and carry out financial operations in general, Project Finance, loans, grant guarantees, bonds and/or all types of real or personal guarantees, carry out capital contributions to companies and/or financing of any type to legal entities, for the development of businesses carried out or carried out that are linked to the activities listed above.
What happens with Petronas and the YPF LNG project?
Petronas’ departure from the YPF LNG project is not confirmed. The deadline that YPF had imposed on itself for them to define whether they stay or leave the ARGLNG project It ran from November to the end of December.
As far as he could know Energy Report, The basic engineering work in Punta Colorada has not been completed, and without that information – key to defining investment amounts – the Malaysians are not in a position to announce whether they will withdraw and cancel the MOU or stay and invest the first US$160. millions they promised.
At YPF they assure that they have agreed on two “majors” to replace Petronas. But in the sector it is not ruled out that it is a “pool”, with locals and internationals.
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“If Petronas does not continue, we will move on,” Marín had warned and he did not stay with his arms crossed. Unobjectionable sources assured this medium that YPF It already has “pre-confirmed” two majors (large players) that are willing to join the LNG project. one is Shell, the second largest operator of liquefied natural gas in the world.
Another of the companies interested in the development of LNG Argentine has already established a foothold in the country, with a recent acquisition of assets. “They go from South to North”, explained an expert, who said that now they are about to reach the Parallel 40 South. The problem that arises is the British origin and the multiple readings of geopolitics. For this reason, they bustle in silence, with almost secret trips of London to Buenos Aires without pomp or protocols. But like any gallop, traces remain. The recent visit of a former senior English official is a clue. Another is found in the radars installed at the End of the World and the expulsion of the Chinese from the Fuegian area.
Those that are discarded are those of Exxonmobilthe third liquefied gas operator in the world, which is leaving the country. The first producer is Qatar Energywhich for now has not shown signs of joining. The fourth largest LNG company is the Texas-based Cheniere. This company based in Houston It has a history that brings it closer to the plans of the flag oil company: In 2019 it participated in the first LNG export in the history of Argentina. But this inclusion is on “stand by”: the signing of the MOU with YPF will depend on the electoral result in the United States.
Although they are “very incipient” agreements and cannot be disseminated, YPF has already offered to sign Memorandums of Understanding (MOU, for its acronym in English: Memorandum of Understanding) to the crown of the Netherlands, for Shell, and to the government of the United Kingdom.
What are YPF’s new technological initiatives: YPF Digital
Hours after announcing that puts its stake in Metrogas up for sale, YPF In parallel, it announced the launch of technological initiatives to modernize and make its processes more efficient.
one is YPF Digital (YDI), that seeks to advance toward the company’s digital transformation and its commitment to the development of a “powerful digital ecosystem” that allows YPF make the most of new business opportunities.
As he said, Mauro Cercosgeneral director of YDI, during the presentation of the platform, this new entity was born with the mission of simplifying the daily life of YPF users and position the firm at the forefront of digital products. “We seek to adapt agilely to a changing market and make way for an accessible future through the integration of applications and the acceleration of time to market,” said Cercos, who worked on this project with the technologist Fredi Vivas.
Vivas highlighted the use of YPF App and the company’s virtual walletwhich has grown exponentially in recent months. As detailed in the digital payments area, what was currently processed in three days was what took a full month four years ago. “It is expected that by 2025 we will have growth that continues along the same lines,” Viva mentioned, as reproduced Suppliers. In Argentina, almost 8 out of 10 adults use virtual wallets, and YPF wants to promote its technologies in that direction.
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The presentation agenda YPF Digital included topics such as “The Client 2.0”with a talk of Aleksan Buyuk Kurtwho delved into the need to adapt communication strategies to increasingly informed and demanding users.
Furthermore, in the analysis of new mobility technologies and changes in consumer habits that impact the energy sector participated María Frías and Rodrigo Perez Terra.
YPF’s second technological initiative: Real Time Intelligence Center
He Real Time Intelligence Center It is a real-time remote monitoring center for activity in hydrocarbon fields. This command will operate at YPF’s Torre Pelli in the city of Buenos Aires, and will allow engineers and specialists to make decisions in Vaca Muerta from Puerto Madero.
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As he briefly announced Horacio Martin in the recent AOG Patagoniathe construction of the RTIC took seven months and will be inaugurated next December, coinciding with Oil Day. It is a command center similar to the one used by large operators in the US, Europe and Asia.
Source: Ambito
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