Insight
New Argentina’s PlanGas rounds: will it underpin production growth?
Report summary
Since the first round of the PlanGas.Ar (or Gas Scheme) programme, Argentina has experienced substantial gas production growth. As a result, the transmission infrastructure between Neuquén and Buenos Aires is saturated. To cope with this situation and sustain production growth, the government rushed the construction of the Tratayen-Saliqueló pipeline, which is expected to be concluded the following winter. With construction nearing completion, the government has issued the tender, comprising a round to contract volumes just for the new pipeline. The market is now in a different scenario than at the end of 2020. The strong gas production growth in the past few years, and the potential of unconventional assets, will provide a competition level not seen in other rounds. Accordingly, understanding a competitor’s position will be critical to thriving in the next round.
Table of contents
- Introduction
- The rules’ design forces producers to extend their agreements
- Companies’ ability to quickly ramp up production will define their position in the tender for additional volumes
- A dedicated round for mature assets can revive investment in other basins
- The new rounds are a good sign for the market, but a few uncertainties remain
Tables and charts
This report includes 7 images and tables including:
- Contracted volumes through the PlanGas.Ar rounds vs. committed production
- Features of the new PlanGas.Ar rounds
- Assets’ production vs processing capacity by the end of 2023
- Average production in 2023 by company without additional unconventional dry-gas production minus production commitment from the first and third rounds
- Assets’ remaining-life breakeven cost (2023)
- Southern basins
- Northern basins
What's included
This report contains:
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