Argentina considers exporting Wakam tower shale gas

According to Platts Energy’s September 10 report in Buenos Aires, Argentina’s shale gas producers have warned that a large number of shale gas wells will be shut down during the summer.

Vakam Tower in Argentina is one of the largest shale prospects in the world.

Transportadora de gas del Sur (TOS), Argentina’s largest natural gas transportation company, and Excelerate, Texas, USA, said on Monday that they had signed an export outlook due to rising shale gas production in Vakam in Argentina. A memorandum of understanding to assess the construction of the first liquefaction plant in Argentina.

TGS and Excelerate said in a joint statement that they will consider building the liquefaction plant in the port city of Branca, south of the province of Buenos Aires.

They said they plan to complete the study by the end of the year, when the two companies will share research with the Argentine government and industry executives to determine the next steps.

Neither TGS nor Excelerate indicates whether the facility is for a floating liquefaction project or a land liquefaction project.

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