Page 13 - LatAmOil Week 45 2022

LatAmOil ARGENTINA LatAmOil

Pampa Energía intends to invest “not only on track to see yields climb by another 57.14% to
in wells, but also by importing a fracture set, reach 11 mcm per day in 2022, he said. In 2023,
because for the amount of activity that is going yields will climb again by 26.67% to reach 15
to take place in Vaca Muerta, the fracture mcm per year, he stated.
sets that we have in the country today are not He went on to say that Pampa Energía was
enough,” he stated. confident that work on the first stage of a new
He also declared that he was optimistic that gas transport link, the Néstor Kirchner pipeline,
the Vaca Muerta formation would be able to would be finished on schedule by the middle of
perform as well as anticipated. “All the potential 2023. The pipe will be able to carry 11 mcm per
that we talked about in Vaca Muerta is already day of gas to the coast for export, and Mindlin
beginning to materialise,” he remarked. pointed out that this would help reduce Argen-
When Pampa Energía purchased Petrobras tina’s export bill. “By producing 11 mcm more,
Argentina in 2016, Mindlin added, the company instead of importing it, we will be saving next
was extracting around 1mn cubic metres per year from $2.5bn to $3bn,” he commented.
day of unconventional gas. It boosted that figure Mindlin is a major shareholder in Sacde, an
seven-fold to 7 mcm per day by 2021, with pro- Argentinian construction firm that will help
duction growth averaging 120% per year, and is construct the Nestor Kirchner pipeline. ™

PERU
Peru LNG reports exports up in October

PERU LNG, the operator of a natural gas liq- The group operates a complex that includes
uefaction plant and export terminal in Pampa a 4.45mn tonne per year (tpy) gas liquefaction
Melchorita, saw export volumes rise month on plant built by Chicago Bridge & Iron Co. (CBI)
month in October. and a marine terminal constructed by a consor-
According to Peru’s national oil company tium known as CDB. (This group includes Italy’s
(NOC) Perupetro, the Peru LNG consortium Saipem, Luxembourg’s Jan de Nul and Brazil’s
loaded five vessels in October, up from three Odebrecht.)
in September. The total volume of LNG loaded The complex also incorporates a storage
last month came to almost 344,943 tonnes. This depot with two 130,000-cubic metre tanks and
represented an increase of more than 181% on a 34-inch (860-mm) natural gas pipeline. This
the volume of nearly 122,569 tonnes loaded in pipe handles gas from fields in the Cusco region
the previous month. It is also above the figure that are being developed by YPF, the national
reported for October 2021, when Peru LNG oil company (NOC) of Argentina, and Repsol
loaded four cargoes with 294,470 tonnes of of Spain. The link follows a 408-km route from
LNG. Chiquintirca, a town in Peru’s Ayacucho region,
Of the five cargoes dispatched in Octo- to the LNG plant.
ber 2022, two were destined for the UK, while Peru LNG was established by US-based Hunt
another two went to Spain. The remaining cargo Oil along with three other companies. Equity in
was delivered to Canada, according to data the project is divided between Hunt Oil, with
posted by Perupetro. 50%; SK Energy (South Korea), 20%; Shell (UK),
The Peru LNG consortium has loaded and 20%, and Marubeni (Japan), 10%. The partners
delivered a total of 689 cargoes of LNG since its spent $3.8bn to build the Pampa Melchorita
launch in June 2010. complex. ™

Peru LNG loaded five cargoes in October 2022 (Photo: Peru LNG)

Week 44 09•November•2022 www. NEWSBASE .com P13