28 December 2022 | Other

Argentina's shale boom ends

Shale oil and gas production in Argentina’s Vaca Muerta has increased sharply over the past years. However, its growth may decelerate now as oil and gas pipelines near capacity. 

The Vaca Muerta is considered to be the second largest shale gas reserves and the fourth largest oil reserves of its kind in the world. 

According to data released by Reuters, Argentina is running out of pipelines and is struggling with a lack of fracking equipment and utilities, as well as other problems. They all threaten output growth. 

Pablo Trovarelli, head of midstream operations at a gas treatment plant run by Transportadora de Gas del Sur (TGS), noted that there isn't enough capacity to move oil to market. He said that new pipelines should be built to support gas and oil production growth. Otherwise, the company will fail to inject more gas.

According to Ricardo Markus, president of Tecpetrol, the oil and gas output could be increased if demand for oil and gas would grow as local and regional demand is not enough. Marcus said that the country should promote investment in LNG export infrastructure which it lacks. 

Company MarketCheese
Period: 30.06.2026 Expectation: 3300 pips
Buying USDCAD up to 1.41500
Yesterday at 11:21 AM 21
Period: 17.04.2026 Expectation: 700 pips
AUDCAD is at risk of correction amid fragile Middle East truce
Yesterday at 10:34 AM 19
Gold buy
Period: 30.04.2026 Expectation: 800 pips
Invest in gold once $4,800 gives way
Yesterday at 09:23 AM 39
Brent sell
Period: 17.04.2026 Expectation: 630 pips
Brent crude sell-off targets $92.5
Yesterday at 08:44 AM 22
Period: 17.04.2026 Expectation: 920 pips
Friday profit-taking puts GBPUSD buyers on sidelines
Yesterday at 06:52 AM 20
Period: 30.06.2026 Expectation: 3000 pips
Buying USDJPY up to 162.00
09 April 2026 60
Go to forecasts