Argentina’s state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas shipper Golar LNG Ltd..The merger of what have been two separate projects — one led by YPF, the other by PAE and Golar — would be key to helping boost production and exports in Argentina’s Vaca Muerta, the second-biggest deposit of shale gas in the world. YPF and Pan American, which is 50% owned by British oil major BP Plc, are Argentina’s top oil and gas producers.
November 25, 2024
SOURCE: BNN BLOOMBERG
Argentina’s YPF to Merge LNG Project With Rival’s Venture