Gazprom and Argentina address potential gas projects

A working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Debora Giorgi, Industry Minister of the Argentine Republic as part of the 4^th St. Petersburg International Gas Forum.

The meeting participants looked at the development prospects for the bilateral cooperation in the gas sector, with an emphasis on exploration and production of gas from Argentine gas fields. Consideration was also given to supplies of liquefied natural gas from Gazprom Group's portfolio to the country.

Background

Argentina's proven natural gas and oil reserves average 300 billion cubic meters and 300 million tons accordingly. In 2013 Argentina produced nearly 35.5 billion m³ of natural gas and 30.5 million t of oil and consumed 48 billion m³ and 29.4 million t accordingly.

In 2013 Gazprom Marketing & Trading won an international tender for the supply of 15 LNG cargoes with a total volume of one million tons from Gazprom Group's portfolio to Argentina between 2014 and 2015.

Adapted from press release by Hannah Priestley-Eaton

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