Post by EnergyStacks

Chevron and Partners Propel $3 Billion Argentine Natural Gas Liquids Project Forward https://lnkd.in/gPzdRyc5 In a significant development for the Argentine shale industry, Chevron Corporation, alongside YPF SA and Pluspetrol SA, is set to finalize contracts with TGS SA for a $3 billion natural gas liquids project in the Vaca Muerta basin. This initiative aims to alleviate infrastructure bottlenecks and enhance export capabilities by converting natural gas into valuable liquids like butane and propane. The project, pivotal for Argentina's emergence as a global energy provider, is nearly ready to proceed with financial backing from banks. Additionally, Chevron's broader commitment to Argentina includes a $13.8 billion oil drilling venture under President Javier Milei's investment program. Visit energystacks website and subscribe energy news summary for free:  #EnergyStacks #AI #LLM #News #Digitalization #Chevron #LNG #Argentine