Argentina's YPF and Chile's Enap Sipetrol announced a joint project to expand the production of natural gas and crude from the offshore Magallanes Deposits, (PIAM), to the east of Magellan Strait Reserve. Representatives from Tierra del Fuego province and Magallanes Region, and from the two companies, attended the announcement ceremony.
Chilean state oil company ENAP announced the signing of an agreement with Japan's Mitsui & Co. for the development of two power generation projects with combined installed capacity of nearly 1,300 MW.