2023-12-06 23:00:00
Las energy worksin a key sector for saving international currencies and generating dollars during 2024, They were paralyzed waiting for the change of government. Investments for infrastructure development large-scale will change the logic of the current market and they will become company initiatives, without State participationwhich will open the door to a privatization of the energy system Argentine, from its generation, through transportation, to supplying industries and private homes. This is the plan that future officials advanced to the big players in the sector.
Different sources, consulted by PROFILEthey confirmed that The bidding processes that were at different points of progress were stopped, given the electoral result that brought Javier Milei to the Presidency of the Nation. The objective was that “the decision to continue” the ongoing processes “would be made by the new authorities.” For this reason, after the runoff, he was left stand by the tender for the work called Reversal del Nortewhich had progressed to the opening of envelopes and only the signing of the contracts remained.
Javier Milei confirmed Eduardo Chirillo as Secretary of Energy and announced the meeting with the IMF
Business sources affirmed that the designated Secretary of Energy, Eduardo Rodríguez Chirilloconfirmed that the investment format will avoid the participation of the State as a financier, so will reduce the functions of Energía Argentina SA, until the key moment for the public-private coordination that managed to connect Vaca Muerta with Salliqueló, with import savings of USD421 million. To the President Néstor Kirchner Gas Pipeline (GPNK) the second section is missing, which for the outgoing administration should also have totally private investments. The future official did not answer the queries of this medium.
The energetic red circle joins the Milei plan
“Companies in the sector can invest, because the business is profitable. If the policies of free trade“As Milei stated, the scenario is ideal,” said a source from one of the oil companies operating in the country. In this way, the business of transport will be in totally private handswho will be the responsible for collecting the toll for the transportation of Vaca Muerta gas.
In the oil and gas world there is strong expectation for the growth of the sector. “With legal certainty and free circulation of currenciesthe amounts needed to develop works are accessible. If a package of tax and labor reforms is added, then interest would grow much more,” confessed another business source. However, remember the difficulties that the investment went through during the management of the former president Mauricio Macriwhere private investment was encouraged, but two tenders that were carried out for the development of GPNK were deserted.
Milei is no longer thinking about privatizing YPF and is keeping an eye on Vaca Muerta
And why the uncertainty? It happens that the gas that must travel from Neuquén to the north of the country will have as its purpose replace Bolivian supplywhose delivery contract concludes next July. In that region, gas is used for thermoelectric purposes, so an interruption would transform into massive power outages and a productive crisis for the factories installed there, since the plants are not dual and are only supplied with gas.
A tender we will see
Only two works that involve the connection of the GNPK are underway. The rest have already been frozen, although some have firm financing and even a collection of pipes for continuity. This scenario already generated uncertainty among companies that had planned to pace construction during 2024among which were BTU and the UTE between Techint y SACDE, the two offers that were pressing for the first chapter of the reversal of the gas pipeline that will carry gas from Vaca Muerta to the north of the country. From there, Argentina will be able to sell to Brazil and Chile.
He Northern Reversal count with one financing of USD540 million on the part of the CAFof a work that has a total budget of USD710 million, being that the remaining USD170 million arise from a provision contract with CAMMESA, the wholesale energy administrator. Even though the expense does not affect the Treasury, the construction companies and companies that are linked to the work They fear that there will be a new rule change and return to a clean slate with tenders and projects.
The end of public works
This Tuesday, ENARSA announced that the Mercedes-Cardales gas pipeline, a complementary work of the GPNK, the gas transportation phase began, “which allows daily savings in summer of USD4 million per day in substitution of imported fuels.” The work consisted of installation in a high pressure pipeline 30 inches in diameter and 80 kilometers long, to transfer Vaca Muerta gas from the southern trunk system to the northern one. The supply of the Mercedes-Cardales Gas Pipeline is possible from the 11 million m3/day of gas currently provided by the GPNK from Vaca Muerta, through the “Tratayén-Salliqueló” section and the expansion of the Ordoqui Loop in the gas pipeline system. TGS.
Once the Compressor Plant, currently under construction, is completed, the Mercedes-Cardales gas pipeline “will be able to transfer up to 15 million m3/day from TGS to TGN, thus allowing the replacement of USD6 million per day on average of liquid fuels for thermoelectric generation in Santa Fe and the north of Buenos Aires.” “Through this work, planned by Energía Argentina, it provides greater flexibility to the transfer between the high pressure transportation systems operated by TGS and TGN in the GBA areaproviding reliability in supply to large urban centers and reducing the need for imported natural gas,” said a press release.
Javier Milei confirmed Santiago Bausilli at the Central Bank, Tillard will go to the Nation and Stettler to Communication
In addition to the Mercedes one, which will be ready by the end of January, there are two more compressor plants in progress, all within the route of the gas pipeline that begins in Vaca Muerta. One is that of TreatyenNeuquén, and the other is from SalliquelóBuenos Aires, precisely the cities where the first GPNK trunk begins and ends. Both will be operational in Februaryaccording to official estimates.
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