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: 21.03.2025 Expectation: 1400 pips
GBPUSD is poised for a pullback towards the trend line
14 March 2025 92
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 26.03.2025 Expectation: 670 pips
Brent prices may rebound amid trade instability
14 March 2025 85
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Crypto" and "Oil and gas"
Period: 31.12.2025 Expectation: 1000 pips
Buying Brent in case of price reduction to $60–65 per barrel
14 March 2025 49
Period: 21.03.2025 Expectation: 544 pips
AUDCAD may rise to 0.91242 due to worsening situation in Canada
14 March 2025 30
Period: 18.03.2025 Expectation: 2640 pips
Buying USDJPY within descending channel targets of 150.10
13 March 2025 114
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 20.03.2025 Expectation: 494 pips
Gas prices fall amid warm weather forecasts
13 March 2025 57
Go to forecasts