LNG

Southern Cone gas and power players comprising the nations of Argentina, Brazil, Bolivia and Chile have plans to invest around $46 billion in natural gas production and $94Bln in new power supply through 2033.

Naturgy, the Spanish utility with Latin American assets and LNG volumes from the US and Russia, swung to a profit after losses last year linked to restructuring as it invested in natural gas infrastructure and renewables.

Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF), said a natural gas well caught fire at its huge onshore Vaca Muerta shale gas and oil basin in the northwest of the country and whose resources are expected to lead to future large-scale LNG exports.