Industry

Argentina plans to ease natural gas, power price controls in June

Argentina plans to lift controls on power and natural gas tariffs as soon as June, Production Minister Matías Kulfas said, in a move seen as key for reviving investment in gas production. Some gas producers say that they are getting as low as $1.50/MMBtu at the wellhead after the freeze on tariffs last year. Many of them have shifted their investments to oil fields, thus raising concerns that a slowdown in gas production could force the country to increase imports after years of reducing them.

Source: S&P Global