Argentina unveils gas incentives to stem dollar drain

Argentina unveils gas incentives to stem dollar drain

Corporate & Sovereign Strategy Economy & Policy Gas Coronavirus Argentina Latin America

Argentine President Alberto Fernández launched a program on Thursday that he hopes will revive natural gas production, reduce imports and gradually increase exports, a latest effort to shore up dollar reserves after more than a year of decline. The 2020-23 program puts into effect a system of auctions for producers to pre-sell 70 million cubic meters per day of gas — about half of average demand — under long-term contracts to distributors and power plants, helping to provide more certainty in sa

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