LNG

Argentina’s Vaca Muerta basin has seen shale oil production rise 35% yoy in the third quarter to 400,000 barrels per day (bpd) due to productivity gains. To sustain growth, the $2.5 billion Vaca Muerta Sur pipeline is being developed to expand takeaway capacity from the field to global markets.

The Peru LNG export plant at Pampa Melchorita on the Pacific Coast has just re-started shipping cargoes in September after a two-and-a-half month shutdown for technical issues and now has been targeted by the Marxist Prime Minister Guido Bellido for possible nationalization.