Macri promises to tender Vaca Muerta pipeline in July

According to Mauricio Macri, Argentina’s president, in July the country will launch a tender for a large pipeline that will serve the Vaca Muerta region. The measure will be key to establishing gas exports.

In March, Argentina’s Energy Secretary Gustavo Lopetegui said the Vaca Muerta pipeline would transport up to 22m cubic meters of gas per day and predicted that the auction would be launched in April.

The pipeline is scheduled to end near the port city of Rosario, on the Paraná River. The expectation is to cost about US$2bn.

The auction will be launched in the first half of July, with results expected by October.

Vaca Muerta, which is roughly the size of Belgium, is one of the largest onshore oil and gas areas in the world, although it is still in the early stages of development. Macri sees Vaca Muerta as an opportunity to move Argentina away from natural gas imports and become a major exporter. In early June, state energy company YPF SA made the first export shipment of liquefied natural gas from Vaca Muerta.

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