Insight
Is economic instability in Argentina a bump or roadblock for Vaca Muerta?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2018 is the year where the rubber meets the road for Vaca Muerta. After years of hard work to improve Argentina's operating environment, its economy has been hit with challenges that put newly renewed investor confidence to the test. Currency depreciation and sluggish economic growth highlight instability. We outline the implications for natural gas and crude prices as well as upstream operations and future investment.
Table of contents
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Bumpyroad to a free market for natural gas
- Price path disrupted
- End of the subsidised gas price era
- Domestic oil market remains less than free
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Economy rattled, but impact on operations isminimal
- Instability is expected to be temporary
- Upstream operations: business-as-usual
- Challenges are not new andwon't slow investment
Tables and charts
This report includes the following images and tables:
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Argentina vs. international crude priceRegulated upstream gas price (Neuquén)Buenos Aires inflationArgentine peso to USD exchange rate
What's included
This report contains:
