Big energy companies prepare first investment announcements after approval of Aadhaar law

approval of the Hydrocarbon Chapter and Large Investment Incentive Mechanism (RIGI).) of Aadhaar law promoted by the government of Xavier Miley Optimism arose among large hydrocarbon companies operating in the country. Some companies in the sector are preparing investment declarations to be announced once the standard is approved Congress,

was the first to celebrate Pampa Energy“We are very optimistic about the effects of this law and we will be announcing investments soon,” he added. infobae Signature of the merchant Marcelo Mindlin, However he did not give further details.

The company is also a producer of oil and gas, in addition to being one of the major power generators in the country with more than 5,300 megawatts. Along with Pampa, Mindilan is a shareholder TGS And TransnorGas and high voltage conveyors, respectively.

The company is listed wall Street and on the local stock exchange, and it has two petrochemical plants. They of ADR They started the day with a gain of 3.87%, following the approval of the Basis Law in the Senate.

Another key executive from the region also supported the approval of the law in the Senate. Marcos BulgheroniThe CEO of the Pan American Energy Group assured today X “Argentina needs investments to develop its enormous energy export potential. The Senate took the first step. It is important that deputies complete the treatment of the project and approve the Base Law to begin the path of growth and development.

In addition, Bulgheroni participated in the panel today “Can new financing models accelerate global decarbonisation?”Within the framework of the congress organized by FII Priority, held in Rio de Janeiro, Brazil.

Bulgheroni referred to the situation in the country and supported the approval of the Base Law.”I am very pleased that a law was approved in Argentina that will be very important to promote regional infrastructure projects and the development of our industry.,

The CEO of PAE spoke about the role of the global energy industry in the energy transition and the leading role of Latin America in this process, particularly Argentina with the potential of Vaca Muerta. “Our industry around the world must continue to provide reliable and accessible energy to millions of people and do it in a sustainable way with the lowest carbon intensity,” he added. “Many of us believe that this will be achieved through different technologies coexisting at the same time and that compete with each other. In this context, there are some energy sources that will be developed, such as wind, solar or hydrogen, but oil and gas will be part of the energy mix that will be distributed around the world with the aim of reducing carbon emissions. The hydrocarbon industry will be part of the energy transition, especially gas.”

“PAE is a great player, we are the second or third gas producer. We have a production of 20 million cubic meters of gas per day and we are working to continue increasing it,” the oil baron highlighted and ended by saying that “it is very important to take a regional approach rather than looking at energy resources in one country and demand in another. We would be missing the big picture. A regional approach would allow us to find resources.”

Another company that was optimistic about the future of the ruling party’s project, especially the new investment in the regime, is YPF. chairman of the state oil company, Horacio MarinIt was reiterated on several occasions in recent months that it would not be possible to proceed with the project with the Malaysian company without RIGI. Petronas construction of a liquefied natural gas plant, LNGTo promote the export of gas Dead cow,

When asked by this media, YPF would only say, “We are happy.”

The project that was born in the government Alberto Fernandez There is total continuity. And it is no surprise: it is potentially the largest infrastructure project in Argentine history that will allow total annual exports of around US$30,000 million from 2031 and if official forecasts are met. Marin intends to involve all local companies and YPF forecasts that the RIGI will be approved by early July.

He also expressed his views to another major company in the hydrocarbon sector infobae He is optimistic about the progress of the ruling party’s projects and estimates that, once approved, he will have projects linked to gas exploitation in his portfolio. “It is a good sign after paying with bonds for the debt of CAMESA. Companies need clear rules of the game to start playing big and there are many investors from outside who were waiting for good news from the Senate, he acknowledged on condition of not revealing his identity.

Senators approved the energy package of the Base Law this morning without any changes, although the project will return to the deputy for treatment. The section of the standard promoted by Javier Miley was prepared by the team of the Secretary of Energy, Eduardo Rodríguez Chirillo,

One of the central aspects for the ruling party is deregulation, which proposes to focus on giving priority to maximising business income from the current supply of the domestic market, with the possibility of exports and freely setting prices.

“If the basic law is passed, God willing, it will help us accelerate the development process of the gas, oil and liquid fuel sectors. Given the imminent approval, we are identifying regulations and starting to work on them,” Chirillo said this week before a gathering of the sector’s key businessmen. Oil Club,

On the other hand, RIGI was approved, but with some changes regarding the criteria that came from the deputies. This regime includes tax and exchange benefits for new investments.

The base amount for investment was maintained at US$200 million, although the number of items to be applied for was limited. It will be limited to forest industry, infrastructure, mining, energy, technology, tourism, oil and gas and steel. Among other points, a benefit was added for the development of local suppliers and a change in the currency settlement scheme.