
Uruguay's state-owned electricity company UTE (technically the Administración Nacional de Usinas y Transmisiones Eléctricas) announced this week that importing gas from neighboring Argentina has resulted in savings of around US$3 million in the first seven days.

Argentine authorities Friday launched the bidding process for the reversal of a pipeline so far used to import gas from bordering Bolivia in a move to supply the country's northern provinces with Vaca Muerta's output, it was reported.

Argentina on Wednesday launched an international tender for a multibillion-dollar pipeline to transport natural gas from the Vaca Muerta shale formation in the western part of the country to capital Buenos Aires. Bids will be opened on September 12.