LNG

May 15 (LNGJ) - The Argentine state-run energy company, Yacimientos Petroleiferos Fiscales (YPF), said it expected a drop in natural gas output this year due to labour problems and flooding in Chubut province in Patagonia. “Clearly 2017 is not going to be a strong year in terms of hydrocarbons production,” said YPF. “We are targeting a 3 percent decline,” it added. The Argentine oil and gas producer is seeking partners to develop some of the world's largest shale reserves in the south of the country. Argentina’s LNG imports in 2016 amounted to 3.42 million tonnes, the second-largest in the region after Mexico with 4.10MT.  Argentina believes it is still on track to cease LNG imports as substantial shale-gas supplies from its estimated 308 trillion cubic feet of recoverable resources begin to flow by 2022.