2023-10-08 03:46:00
The national deputies were summoned to discuss projects to promote Liquefied Natural Gas in committee this Monday. If there is agreement and opinion it will be debated in a session.
The national deputy Francisco Sánchez (JxC) and vice president of the Energy commission confirmed the call and recalled that he authored a project that he presented in 2020 and presented it again last year. This document will be debated together with the one presented by the national ruling party that has the endorsement of YPF in agreement with Petronas.
“Liquefied natural gas is an excellent tool for Argentina in general and Neuquén in particular to export a large part of that resource, because it is buried and has a limited use in time, an advantage of about 30 years,” he said.
Last week, the MPN and Rolando Figueroa’s party, Comunidad, deployed legislative pronouncements at the provincial and deliberative council levels to speed up a definition, given that the national electoral campaign had left it aside.
“If we don’t do it in these years, we would be missing a great opportunity. But it is not easy to export gas. So a fantastic tool that has been found is to liquefy it,” described the national legislator.
The LNG promotion bill that he presented aims to generate a series of conditions that make the investments that can ultimately generate these investments now in this period in Argentina more attractive. This project along with that of the ruling party will be discussed on Monday in committee and on Tuesday, probably in session whichever has the greatest number of votes. Sánchez predicted that the one that will have the most votes is the ruling party’s project, which is practically linked to an agreement between the YPF company and Petronas, a Malaysian company.
He indicated that a meeting of JxC deputies was scheduled for this weekend to discuss the issue of the call and stressed that although it is not his project, he will still vote for that of the ruling party.
Although he critically noted that it had been discussed previously, he accepted the debate. Regarding the difference between the two projects: “For example, there is a very simple one that has to do with amounts or quantities. There are projects that meet the requirement of the quantity produced, but not the amount invested or vice versa. It would also give rise not only to large investors who generally tend to be international, but also to local investors who, like many companies today have direct links with YPF, indirectly as well.”
Political statements in Neuquén
Mayors and presidents of current and elected development commissions from across the province spoke out through a statement in support and solidarity with the National Bill that establishes the Liquefied Natural Gas (LNG) Promotion Regime and gave their support for the efforts being carried out by the elected governor and National Deputy, Rolando Figueroa, for its approval.
As the statement states, The objective of the law is to strengthen the value chain of this industry to increase its production and thus satisfy internal demand and expand exports..
“He The bill establishes a promotional regime aimed at promoting investment in the LNG sector, which includes investments in transportation, liquefaction, storage and marketing. This will have a significant positive impact on the Province of Neuquén, not only in terms of economic growth but also in the generation of genuine employment,” they say.
The document issued by the group of leaders indicates that it is estimated that the resources in the Vaca Muerta region amount to approximately 300 trillion cubic feet of gas (308 TCF), which guarantee long-term supply in the country and the opportunity to export the surplus gas through LNG, which will contribute significantly to foreign currency income. According to YPF, exports could reach 20 billion dollars annually, he indicated.
The Neuquén Basin has experienced sustained growth in natural gas production, which brought about the need to expand transportation infrastructure to cover growing domestic demand. Considering the global role of LNG as transition energy, “It is imperative to establish a promotion regime to reach competitive levels that allow us to attract international investors. Argentina has reserves for 170 years, in a transition framework that is estimated at 30 years in the case of oil and 50 in gas.s”.
Finally, the communal leaders, coming from different political backgrounds, expressed themselves in “complete harmony” and provided strong political support for the efforts being carried out in Congress by Rolando Figueroa.
“It is essential that this parliamentary initiative achieves a broad consensus with all forces, regardless of their party preference, to establish a State policy that, if the right conditions are met, will allow us to become one of the main suppliers of LNG at the level.” worldwide, generating notable growth and development in the province of Neuquén, the region and the country as a whole,” they concluded.
The statement has the support of 79 current and elected mayors and development commission presidents from across the province, among whom are Mariano Gaido from Neuquén Capital; Gloria Ruiz and Luis Bertolini from Plottier, Norma Sepúlveda from Rincón de los Sauces, Carlos Saloniti from San Martín de los Andes, Javier Bertoldi and Esteban Cimolai from Centenario, Hugo Gutiérrez and Nicolás Albarracín from Chos Malal, Carlos Corazini and Luis Madueño from Junín de The Andes; Claudio Larraza from Plaza Huincul; Carlos Koopmann from Zapala; Lucas Páez de Senillosa; Leandro Bertoya and Gonzalo Núñez from San Patricio del Chañar, Gabriel Álamo and Diego Victoria from Aluminé; Manuel San Martín de Andacollo; Milton Morales and Fernando Banderet from Añelo, Ceferino Moya and Luis Sepúlveda from Huinganco, Abel Matus and Lucrecio Varela from Las Coloradas; Pedro Cortez of Las Lajas; Marisa Antiñir from Las Ovejas; Daniel Soto from Loncopué; Carlos Casteblanco and Perla Diaz from Picún Leufú; Santiago Arias, and Juan Carlos Montesino from Taquimilán; Nicolás and Pablo Di Fonzo from Villa El Chocón; Carmen Cordero and Arturo De Gregorio from Villa Pehuenia-Moquehue; Jorge Carlos Asaad of Vista Alegre; Ricardo Esparza from Bajada del Agrio; Pedro Cuyul from Buta Ranquil; HugoVolpe and Oscar Mansegosa from Caviahue-Copahue; Néstor Fuentes and Silvia Canales from El Cholar; Cristian and Diego Puentes from El Huecú; Ezequiel Vélez and Víctor Ortega from Los Miches; and Jorge Gutiérrez from Tricao Malal; among others.
Councilors from different towns in the province such as Neuquén, Plottier, San Martín de los Andes, Rincón de los Sauces, Las Coloradas, Andacollo, Villa Pehuenia, Buta Ranquil, Piedra del Águila, San Patricio del Chañar and Zapala spoke in the same vein. . In several of the localities the project was declared of municipal interest. This week, the provincial Legislature approved communication 226 that reiterates the request to the national Congress for the approval of the national Executive Branch project that establishes the Liquefied Natural Gas (LNG) Promotion Regime.
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