
Argentina won't become a natural gas exporter under the current government even if potentially massive deposits of unconventional gas turn out to more than enough to supply the domestic market, announced Planning minister Julio De Vido.

Argentina’s Civil Aviation agency (ANAC) and the Secretariat of Transport announced that the Ezeiza and Aeroparque airports are “now open and operating normally” as the ash cloud spewed by Chile’s Puyehue volcano late Tuesday seemed to be moving away from the Buenos Aires City and part of the River Plate area.

The Chilean volcano Puyehue ash cloud has reached the Argentine capital after moving across the Greater Buenos Aires, but the due effects of the cloud are seen to be minimal. Meanwhile local airlines confirmed cancelled all flights until further notice at the international airport of Ezeiza and at the domestic-flights metropolitan Aeroparque.

Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.

Argentina’s capital flight is forecasted to reach 17 billion US dollars in 2011, above the 11.4 billion of last year because of electoral year uncertainties, and in spite of a larger trade surplus.

The ash cloud hovering above Argentine Northern Patagonia since Saturday after the eruption of the Puyehue volcano in the Chilean Andes may reach the city of Buenos Aires on Tuesday, experts assured.

Scientists are launching an international mission to measure salt levels at the surface of the ocean. A rocket carrying an Argentine-built spacecraft is set to lift off Thursday from the Vandenberg Air Force Base along the central California coast.

Argentina and Brazil seem to be again on the path of normalizing bilateral trade following the mid May spat that triggered a round of technical exchanges in Buenos Aires and a final meeting at ministerial level in Brasilia. On Monday, allegedly all the Argentine cars delayed in the border will have been cleared into Brazil.

State run India OIL Ltd has drawn up a war chest of over 1 billion US dollars, for acquiring a producing oilfield abroad and the company is trawling major oil-producing geographies, among which shale gas assets in Argentina, chairman N M Borah said last week.

Argentina’s oil corporation YPF signed a purchase option for 54.67% of the British Gas controlled GASA group that is the country’s largest distributor of gas. The purchase option expires August 31.