Despite the promising gas resources in Argentina, it is difficult to justify investment in new production projects. Government intervention limits the influence of supply and demand fundamentals in setting prices. To deal with a declining production due to price controls, the government is considering reverting to the old recipe: a gas price subsidy program for producers (Plan Gas 4). We see concerns with Plan Gas 4 due to payment risks, lack of long-term foreseeability to sustain new E&P investments, unfair competition, among other factors. Moreover, in this report we assess a number of pricing and contracting mechanisms and policy tools that Argentina could apply that will bring more efficiency to the market and at the same time alleviate the gas expenses in low-income households.