The main objective of this operation was to finish paying off the US$750 million bond that matures in 2027 and improve the company’s debt profile.
The company Pampa Energy issued US$360 million in the 10-year market at a rate of 7.875%. The company received offers for more than US$1,000 million dollarsin a tender that included important international investment funds.
The main objective of this operation was to finish cancel the US$750 million bond that expires in the 2027 and improve the company’s debt profile facing the strong investments of the coming years in Dead Cowincluding the development of the Rincón de Aranda shale oil field.
Pampa Energía will join the PAE and Golar LNG project
Starting in 2027, Pampa Energía will be part of Pan American Energy’s LNG project to export 11.5 million cubic meters per day of natural gas.
Pampa will have a participation of 20% in the Southern Energy companycreated by PAE and the Norwegian Golar LNG to carry out the project, and will supply the 22.2% of natural gas volumes from its deposits in the Neuquén basin.
Pampa Energy Vaca Muerta
Currently Pampa produces an average of 14.5 million cubic meters of natural gas per day in their deposits Sierra Chata and The Mangrullo in Vaca Muertawith peaks of 17 million in winter.
With this incorporation – which will not be the last – PAE remains with 70%, Pampa with 20% and Golar with 10%.
“From YPF we are going to join this initiative that marks a milestone in the energy industry of our country and that represents a great step to be able to carry out our Argentina LNG project, with which we hope to export US$15,000 million in LNG to 2030″, wrote the CEO and president of YPF, Horacio Marinon social networks after congratulating PAE for registering the project to the Large Investment Incentive Regime (RIGI).
Source: Ambito
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