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On June 6, #Argentina shipped its 1st LNG exports, produced on a floating barge using Vaca Muerta shale gas. This is a notable development, @EIAgov notes in a new report, as #Argentina's gas production greatly exceeds demand during the Northern Hemisphere winter. 1/pic.twitter.com/wAZ6oSWWGM
Shale gas production in #Argentina tripled last year, fueled in part by a government subsidy for producers, according to the @EIAgov report. However, in January, President @mauriciomacri suspended production incentives to reduce the budget deficit. 2/
Nevertheless, #Argentina hopes to double overall natural gas production in the next five years, to 92 billion cubic feet per day, permitting exports of 3.5 bcf daily. 3/
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