Insight
Argentina’s Gas Scheme – Round 2 secures marginal winter volumes
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 20 February, the Argentinian government launched the second round of its Gas Scheme 2020-2024 tender to contract seasonal winter volumes from 2021 to 2024. Two companies submitted winter production: Tecpetrol and Pampa Energia. Round 2 is pioneering as it provides winter price signals and tests seasonal production. At the same time, it will save costs to Argentina’s treasury by substituting gas and LNG imports. Nevertheless, seasonal winter production poses economic challenges for producers. In this report, we analyse the Gas Scheme Round 2, focusing on: • The specific commercial terms used for this second round. • The production committed by Tecpetrol and Pampa Energia, and their different commercial approach. • The expected savings for Argentina’s Treasury and implications for midstream infrastructure development. • The breakeven prices of seasonal winter production.
Table of contents
- Executive summary
- Second round seeks additional winter volumes
- Results
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Implications
- Upstream economics still not attractive
Tables and charts
This report includes the following images and tables:
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Commercial details of the Gas Scheme 2020-2024 – Round 2Volumes requested by IEASA, offered by producers and gas prices at Neuquen basinTecpetrol volumes (units in Mcmd)Pampa Energia volumes (units in Mcmd)Fortín de Piedra single-well breakeven gas price under different production* conditions during years 1-4
What's included
This report contains:
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