Neuquen Basin Ops Stop, Exports Down
A scheduled stop in operations at the Aguada Pichana field in Argentina's Neuquen basin plus an increase in demand have prompted gas export cuts through the GasAndes pipeline to central Chile.
Gas distributors in Chile have guaranteed supply to commercial and residential clients, Chile's energy regulator CNE said in a statement.
A consortium of French oil company Total (NYSE: TOT), Anglo-Argentine oil firm Pan American Energy and German oil company Wintershall operate the Aguada Pichana field.
Chile has faced gas restrictions from Argentina since 2004, prompting the former to take steps to diversify its energy sources away from its neighbor. Gas export cuts in 1Q07 had a marked effect on the earnings of Chilean generators and distributors.
Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade (Nov 30)
- Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
- France's Total Buys Engie's LNG Business For $1.5B (Nov 08)
Company: Wintershall more info
Operates 4 Offshore Rigs
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Libya's NOC, Wintershall Strike Interim Deal To Resume Output (Jun 13)
- BASF Sees Role of Oil and Gas Unit Declining Further (May 12)
Company: Pan American Energy more info
- Pan American Energy to Invest $1.4B in Argentina this Year (Jul 14)
- Official: Argentina To Boost Crude Oil Output To 653,000 Bpd By 2025 (May 27)
- Pan American Energy to Invest $3.4B in Argentina from 2013-2017 (Dec 28)