The club of energy companies that operate in Dead cow wants to take advantage of export potential of the sector to make a operational roadmap that allows stability and independence in the management of the business during the next decade. For that, he made it clear that there must be a change in the local thought matrixespecially in political and even ideological terms, to break the barrier of internal consumption and turn the item into the new source of income for dollars, above agribusiness.
The dream of economic coexistence that allows bridge the political rift was raised in a conclave held in Neuquén, where the top CEOs of energy companies. The coincidences on the need to advance in a univocal agenda for the development of the gas and oil basin, were wrapped in the evidence of the short term and internalisms. Happens that the misconduct of two national officials exposed the limits of the implementation of long-term economic and productive harmony.
The setting was the Diagonales cycle, organized by Meetings, which was held at the Magic Casino hotel in the city of Neuquén, a few kilometers from where the main reserve of hydrocarbon resources in the country is located. There were representatives of the companies YPF, Tecpetrol, Vista and Excelerate Energybesides the governor Omar Gutierrez and the presidential candidate of the UCR Facundo Manes. But what was new were the absences of the Minister of the Interior, Edward “Wado” Of Peterand Secretary of Energy, Flavia Royon.
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Shortcomings and uncertainty
Peter’sone of the possible Kirchnerismo candidates in the ruling party’s presidential race, left his chair empty to avoid being in the middle of the inmate that exists in the Frente de Todos de Neuquén, according to the rumor that circulated among businessmen. However, sources close to him ruled out political problems, pointed out overlapping agendas, and even stressed that in the next few days he will be in that province to be part of the Peronist campaign. “He couldn’t get there,” said the source consulted by PROFILE.
While Royón was forced to suspend her trip due to the crisis caused by the cuts in the electricity supply that affected thousands of users, concentrated mainly in the Buenos Aires Metropolitan Area (AMBA), and that led to the administrative intervention of Edesur in the concession of the southern region of that territory, announced Monday night by Minister Sergio Massa.
For the CEOs who were at that meeting, that news became a anchor for expectations, because the short term, colored by suspicions of an electoral nature and by the heat wave, dismantled the proposal that they intended to amplify. It happens that the problem they see, in the midst of a scenario that is still without a ceiling of growth in the sector, is that the fluctuations of politics put limits on the articulation between businessmen and unions.
In fact, the red circle of the gas-oil sector is closely watching the Neuquén electoral process, that on Sunday April 16 will have to decide who will be the successor to the governed Gutiérrez. It happens that the business world maintains a well-oiled link with the outgoing provincial president, who participated in the development of the Neuquén basin almost from its beginning.
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What does the red circle ask for?
“Argentina has a regulation designed for scarcity and not for abundance. We are becoming a power and we must get out of the vision of ‘locking to ensure internal supply’. With guaranteed self-sufficiency, you have to change the mentality and streamline everything to improve exports.” Said the co-founder of Vista, Juan Garoby. To achieve this equation, he affirmed that it is necessary to “develop a alternative evacuation route to Bahía Blanca so that larger ships enter, lower logistics costs and be able to access the Asian market”.
According to a report prepared by Fundar, together with IDEA, the development of 50% of gas resources of Vaca Muerta over the next three decades would imply a level of exports for about US$ 27,000 million annually. However, the document analyzes the essential aspects to establish a regulatory framework in order to export Liquefied Natural Gas taking full advantage of the context and the window of opportunity that is presented to Argentina due to the global situation.
According to the study, conducted by IDEA’s executive director, Daniel Gonzalezthe director of Fundar’s Economic Area, Guido Zackand the associate researcher of Fundar Nicolas Arceo“to take advantage of the potential of Vaca Muerta a law is necessary that clearly defines the requirements to develop the production of natural gas and the export of LNG: guarantee the fiscal stability, the free availability of foreign currency and regulatory stability”.
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sustainable export
“The oil and gas sector is the only sector that can give Argentina a leap that allows it to export energy to the world in a sustainable manner. Today we are exporting close to 100 thousand barrelseach additional barrel that we produce is destined for export in a globalized world that is very avid for energy and energy with a low carbon footprint”, said the CEO of YPF, Paul Iuliano.
In addition to Iuliano and Garoby, from the companies were the general manager in Argentina of Excelerate Energy and Vice President for South America, Gabriela Aguilar; and the CEO of Tecpetrol, Ricardo Markous.
The oil production in Neuquén last January was 315,340 barrels per day and thus surpassed the record that it had reached in December 2022, the month in which 308,660 barrels per day had been produced. According to the provincial Ministry of Energy and Natural Resources, it is expected to reach 400,000 barrels per day by the end of the year. Regarding gas, in August 2022 the peak with the production of 91.59 million cubic meters per day and it is expected to exceed 100 million this year.
During Januaryand in line with the productive growth of Vaca Muerta, Neuquén exported hydrocarbons for 172 million dollars: gas for 46 million dollars and 1,840,000 barrels of oil for a sum of 126 million dollars.
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