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Argentina plans US$ 1,5bn subsidies to resurface Vaca Muerta output: “cheaper than importing LNG”

Friday, October 23rd 2020 - 08:55 UTC
Full article 10 comments

Argentina’s cash-strapped government says it can find US$ 5.1 billion to give to natural gas drillers in a bid to resurface the country’s Vaca Muerta shale patch and prevent a jump in imports of the fuel. Read full article


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  • Dirk Dikkler

    Promising a Subsidy is one thing BUT delivering it is a whole different Ball Game, Well for Argentina it is !!

    Oct 23rd, 2020 - 09:25 am - Link - Report abuse 0
  • Pugol-H

    Oh dear, Stink and Enrique were counting on a MASSIVE pay out from that field, to save Argentina.

    What is the betting much if not most of it gets permanently left in the ground as uneconomic to extract.

    Oct 23rd, 2020 - 03:46 pm - Link - Report abuse 0
  • Chicureo


    Right now investors need to have brass balls to make an investment in Argentina because of the actual risks of ROI are highly suspect.

    Meanwhile across the Andes — Chile's fruit crops all look very positive. Many of our table grape vineyards have a high number of healthy bunches that are about the length of a man's small finger. (By March the bunches will be ready for harvest.)

    Summer is almost upon us...

    Oct 23rd, 2020 - 06:37 pm - Link - Report abuse 0
  • Pugol-H

    Ahhh, as a boy in Cyprus, I had a grape vine growing outside my bedroom window, spent some summers in the Troodos Mountains where everything grew, from fruit to grapes.

    Sometimes your descriptions of the Andes remind me of that time and place.

    Greek Cypriot food is a culinary experience I think you would enjoy, if you haven’t already.

    Saludos de Colonia Nervia Glevensium.

    Oct 23rd, 2020 - 11:06 pm - Link - Report abuse 0
  • Chicureo


    Unfortunately I've never travelled to Cyprus nor Greece — but Madame and I love Greek food, including Dolmadakia -stuffed grape leaves.

    Tuesday my youngest daughter harvested our own new vineyard leaves and cold-brined them in large glass jars. (The first early leaves are the best.)

    In three weeks we'll begin thinning the vineyards to limit the number of bunches per vine to have excellent export quality at harvest time.

    Madame is with a girlfriend in the south that produces gourmand cheese and other delicacies — so I'm alone here at the farmhouse with an empanada and Cusqueña beer for dinner.


    Oct 24th, 2020 - 01:05 am - Link - Report abuse 0
  • Pugol-H

    I remember them trimming the vines and fruit trees in the spring in Troodos, then in autumn propping up some branches of the fruit trees, so the weight of fruit didn’t break the branch.

    Bachelor night in for you then, at least you get to watch what you want on the TV.

    Here autumn has set in now “good and proper”, soon the clocks will “go back” an hour, time to join the Geese and fly south for the winter. I can dream at least.

    Saludos de Colonia Nervia Glevensium.

    Oct 24th, 2020 - 02:46 pm - Link - Report abuse 0
  • Chicureo


    Yes, nature has its rhythm and we live or die by the whims of Mother Nature.

    Nearby the farmhouse we have a century old fig tree that has permenent under framing as each season the weight of the fruit is overwhelming for the branches.

    Despite the allure of Netflix — I've tried pay homage to my grandfather's book collection. So many fine authors yet still to be read.

    And yourself Pugol — If you could fly south, where exactly would you choose?


    Oct 24th, 2020 - 07:38 pm - Link - Report abuse 0
  • Pugol-H

    That is a very good question.

    Hummmm, unwise to say the least to go back where I was in W. Africa. I have been promising for years mi compadre in BA I will go see “his country”, only fair he spent 16 years in England, however the time never seems quite right to go to Argentina.

    Thinking about it Cyprus would be nice, I looked on Google earth at where I used to live and where two streets away was fields is now all built over, so a different place now but yeah it would be good to see the place again.

    Otherwise somewhere like the Canary Islands where I could hear Spanish spoken, which I was never fluent in or even close to, but I could communicate quite well no problem, now I struggle over the simplest things, I still hear it quite well but I struggle to put a coherent sentence together speaking.

    As I said, a good question, I will give it some further thought.

    Saludos de Colonia Nervia Glevensium.

    Oct 25th, 2020 - 02:47 pm - Link - Report abuse 0
  • Chicureo


    Since this pandemic — our appetite for travel outside Chile has died. (I've always encouraged Madame DeFarge to travel with her friends abroad in the past.)

    We will stay planted here with our children, grandchildren and the farm.

    I've always heard good things about the Canary Islands and I could imagine you can get good rates from the UK. Plus I understand English there is fully used.

    My youngest daughter is now dating a Chilean with roots in Croacia and she's planning to travel with him there when the pandemic subsides — they seem to be getting serious.


    Oct 25th, 2020 - 03:54 pm - Link - Report abuse 0
  • Pugol-H


    As a lifelong wanderer to “stay planted” is a new experience for me, however so far, so good.

    Never been to Croatia, once spent a week in Slovenia, next door, on business, where we were was actually quite idyllic.

    It seems the languages there are (as so often in Europe) fairly inter miscible, they certainly can communicate.

    Which English speaker notice as there is no other language with which we can “communicate”. Differences which we would call an accent or at most a dialect, in Europe they call a different language.

    Be advised Slavic languages have Grammar which puts you Latins to shame, never mind our almost non-existent English (but completely irregular), changing of words.

    As part of the EU Croatia will have basic minimum standards for most things (EU has/had some good points), not somewhere people just disappear and some time since the war ended, although marks will still be there it was bitter and only a generation ago.

    I trust your perusal of “grandfather's book collection” was fruitful.

    Saludos de Colonia Nervia Glevensium.

    Oct 26th, 2020 - 11:17 pm - Link - Report abuse 0

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