LNG

Argentina, the world’s second-largest holder of shale-gas resources after the US and currently an LNG importer, expects shale gas and oil production to grow 35 percent in 2018 as costs in its prolific and extensive Vaca Muerta Shale Basin continue to drop.

Argentina's national energy company, Yacimientos Petroleiferos Fiscales (YPF), said its Chief Executive Ricardo Darre had resigned for personal reasons and has been replaced by a six-man executive committee as it embarks on the development of its huge shale-gas reserves to replace LNG imports.