New Chile gas export door opens for YPF
After securing its first natural gas export authorization last month under Argentina's new framework for sending the hydrocarbon abroad, YPF has received approval to ship gas to a new Chilean offtaker.
The energy department has cleared the NOC to supply Chilean power producer Colbún with up to 1.5Mm3/day through May 1, 2019.
YPF, which filed the request in November, will use gas from El Portón and/or Loma La Lata-Sierra Barrosa in the Neuquén basin. The contract may be interrupted to cover domestic demand.
The oil company's first approval was to transport gas to Chilean gas distributor Innergy Soluciones Energéticas.
Read YPF secures Chile gas export nod
The department, meanwhile, continues to review requests from YPF to deliver gas to Enel Generación Chile and Chilean gas distributor Aprovisionadora Global de Energía .
Also in Argentina, oil and gas company Roch raised US$5mn from the issue of non-convertible bonds.
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