MercoPress. South Atlantic News Agency
Argentina inaugurates Tierra del Fuego offshore gas deposit which provides 8% of the country's demand
Argentina formally inaugurated the Vega Pleyade gas and condensate deposit off the coast of Tierra del Fuego considered the most austral of its kind in the world, and which has been supplying the country with nine million cubic meters daily since February 2016. The well is operated by French Total (37.5%) together with Wintershall Energy (37.5%) and Panamerican South (25%), demanded an investment of 1.1bn dollars over three years. Read full article
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Disclaimer & comment rulesArgenzuela likes to do lots of “inaugurations.” In Argentinish the word means “redundant political announcement often without actual substance.” I think that last “inauguration” of this project was reported by Mercopiss about a year ago.
Jun 04th, 2017 - 04:24 pm - Link - Report abuse +2Argentine industry was unable to successfully develop this gas production and was forced to contract foreign companies. The French company Total has been working this concession since the 1970s.
In spite of Peronism's chaotic attempts to nationalise these efforts, the failure of Argentine energy technology and production management to keep pace has resulted in currently more than 80 percent of Argentina's natural gas is produced or supplied through foreign companies.
How far offshore? If it is close to the Falklands archipelago surely the islanders should be protesting because of the possible risks of contamination?
Jun 04th, 2017 - 04:34 pm - Link - Report abuse +2Gordito, it's relatively close to the eastern shore of Tierra del Fuego, not far from Río Grande, and it's not being run by argie companies. “Total Austral” is really French but registered in Argentina.
Jun 04th, 2017 - 06:39 pm - Link - Report abuse +2The principal players in the Vega Pleyade concession are French and German companies though the main platform was built in Spain and towed over. Total, the French company, tried to use some argie-sourced pipe for delivery of the gas to the mainland but there were problems so the bulk of the pipe ended up coming from India and France. Total runs the onshore gas processing plant. They make a tonne of money on this operation (and elsewhere in the country) and evidently think that the risks involved in dealing with Argenzuela are justified by their profits. In fact, Total's hydrocarbon production keeps Argenzuela from freezing in the darkness.
The Falklanders protesting?
Jun 05th, 2017 - 05:01 am - Link - Report abuse -5It's not their territory, duh.
As for the pipes, well, no one would think Chile could provide them :)
@Marti Llazo
Jun 05th, 2017 - 03:07 pm - Link - Report abuse -1I don't understand you.
What's the issue with the fact that gas production in TdF is being run by “foreing” technology and investments?
Who care about this?
As long as people have gas in their homes and industries....
Está claro que no entendés.
Jun 05th, 2017 - 07:21 pm - Link - Report abuse +2The gas actually belongs to the Falkland Islanders since the area is on their continental shelf.
“Foreing”? Argentensis, quizás.
The mention of the successful gas production using foreign technology and management is meant to be a reminder that Argenzuela es todavía incapaz, y será siempre incapaz, de “vivir con lo nuestro.”
@pgerman
Jun 05th, 2017 - 10:01 pm - Link - Report abuse -3Marti cares because it gives him another excuse to bash Argentina, the country he nonetheless chooses to live and make his money in.
Marti cares because the endless display of omnipresent argie incompetence and astonishingly self-destructive behaviour is a constant source of very cheap entertainment.
Jun 06th, 2017 - 02:24 am - Link - Report abuse +2Actually, I don't make that much money here anymore. We have sold the estancia (for dollars, of course) and the proceeds will likely be going into some investments in Chile.
'pgerman
Jun 06th, 2017 - 07:06 pm - Link - Report abuse 0......
As long as people have gas in their homes and industries....'
I was down at Estancia Santa Rosa the other night.... fine views across to Ushuaia... it would seem that the new ' housing developments' at the back of Ushuaia have neither gas nor electricity.... maybe the triple chinned cowbag in charge of the province should address such issues instead of banging on about the mythical malvinas all the time...
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