Argentina's Vaca Muerta Shale Set for Major Export Boost

FuelNuts & BoltsTrade & Border IssuesHot Spots
Written By Jennifer Joslyn

Argentina is gearing up to connect its Vaca Muerta shale play with the Punta Colorada port through a new pipeline, enabling supertankers to load crude oil. While Argentina's rising oil production might not rival major exporters like the US, it's making significant strides.

A 600-kilometer pipeline is under construction by Argentina’s state-run energy giant YPF, linking Vaca Muerta oil production to the coast. The $2.5-billion project includes an export terminal at Punta Colorada, designed to handle very large crude carriers (VLCCs) that can carry up to 2 million barrels.

This move marks Argentina's entry into the supertanker market, with crude oil shipments already holding steady above 100,000 barrels per day. Additionally, Argentina is set to start exporting LNG from Vaca Muerta, thanks to a 20-year deal with Golar LNG and Pan American Energy.

Why Should I Care?

In transportation and logistics, this development means new opportunities and routes for global shipping. The increased crude and LNG exports from Argentina could affect shipping dynamics and fuel supply chains, presenting both challenges and opportunities.

Hot Take

Argentina's stepping up in the oil game with Vaca Muerta. Keep an eye on this—new routes and bigger ships mean more action in global logistics. Exciting times ahead!

Read more at Oil Price.

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Jennifer Joslyn
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