LatAmNRG Argentina Briefs: YPF Gas Exports, Shell Dumping, Phoenix Global

(Energy Analytics Institute, Piero Stewart, 24.May.2019) — Heard on the street and LatAmNRG briefs related to the state entity YPF’s plans to ship natural gas to Chile through May 2020, Shell cited for supposed toxic waste dumping, quick facts related to Pan American Energy’s Cerro Dragon Project, and departure of Phoenix Resources CEO Anuj Sharma.

YPF To Export Gas To Chile Through May 2020

(Energy Analytics Institute, Aaron Simonsky, 24.May.2019) — Chile formalized the decision to export natural gas to Chile through a resolution of its Energy Secretariat, published in the Official Gazette, reported online media FMdelEste on 24 May 2019.

The resolution stipulates that YPF will be able to sell natural gas from the El Portón and/or Loma La Lata-Sierra Barrosa areas, located in the Neuquén Basin to Global Provisioning Energy Company (AGESA by its Spanish acronym), until 6 am on 1 May 2020.

The operation will be for a maximum volume of 1.7 million cubic meters per day (MMcm/d) or until completion of the total maximum amount equivalent to the authorized daily export volume for the number of days of validity of authorization after its granting, whichever happens first.

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Shell Argentina Cited For Supposed Toxic Waste Dumping

(Energy Analytics Institute, Aaron Simonsky, 24.May.2019) — Problems in the Neuquén hydrocarbon sector go beyond the deaths of two workers two weeks ago due to a the lack of security measures at a Tecpetrol installation. Observations in the reigon now reveal existence of a link between Vaca Muerta’s “toxic dumpster” and a subsidiary of Royal Dutch Shell in Argentina, online media Nova Neuquén reports 24 May 2019.

“The oil company is responsible for dumping hazardous waste that puts the population of Añelo, the Neuquén River and agricultural fields at risk,” the media reported, citing a Greenpeace press statement.

Greenpeace, along with the Argentine Association of Environmental Lawyers and the Permanent Assembly for Human Rights of Neuquén, with support of the Mapuche Confederation of Neuquén, have presented evidence Shell is involved in illegal toxic waste dump scandal.

The media also reminded that in January 2019 a German photographer, Stefan Borghardt, was illegally arrested, beaten and tortured for photographing operations in the Vaca Muerta formation that brought to the surface the environmental disaster being carried out in the province related to fracking, the media said.

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Quick Facts: Pan American Energy’s Cerro Dragon Project

(Energy Analytics Institute, Aaron Simonsky, 24.May.2019) — Pan American Energy’s concessions in Argentina cover 3,480 kilometers, which is 17 times the size of Buenos Aires. In the South American country, Pan American extracts close to 18% of Argentina’s petroleum, the company said in a social media post on Instagram.

At Pan American Energy’s Cerro Dragon project, the company has generated more than 7,000 direct and indirect jobs. Additionally, the company has more 3,800 producing wells at the project, Pan American said.

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Phoenix Resources CEO Sharma Steps Down

(Energy Analytics Institute, Aaron Simonsky, 24.May.2019) — Phoenix Global Resources’ CEO Anuj Sharma stepped down last month from his post in a surprise announcement, although the company seems adamant about staying course in Argentina.

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© Energy Analytics Institute (EAI)

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