Argentina has three more days to secure a stay from the Court of Appeals. Two weeks ago, judge Loretta Preska ordered the country to hand 51% of its shares to the plaintiffs
Energy
The country’s defense team argued that following Loretta Preska’s order would violate ‘fundamental principles of U.S. and international law’
The government declared a nationwide ban on industries and CNG stations, as some households are suffering gas shortages
In 2023, the country lost a US$16.1 billion case over the expropriation of the oil and gas giant; Milei said Argentina would appeal the ruling
Milei in Rome: Argentina’s YPF and Italy’s ENI sign deal to export natural gas
Italian Prime Minister Giorgia Meloni and the Argentine leader also signed a five-year deal to expand co-operation on investment, defense, and other core areas
Competitive prices and transportation infrastructure need to be resolved before gas from Vaca Muerta can flow to the neighboring country
YPF CEO Marín said that contract will be for 50 million cubic meters and that a third global player will also join
The Argentine company is exiting mature oil fields and making projections with the barrel at US$72 at a moment when it is currently closer to US$60
The first and second boats together will have an annual production capacity of 6 million tonnes of LNG