YPFB guarantees the production of gas for domestic consumption and surpluses for export

This Ministry of Hydrocarbons and Energy release was published using machine translation.

The country has sufficient natural gas resources, production reaches 40 million cubic meters per day (MMmcd). It is estimated that domestic consumption ranges between 12 and 13 MMcmd, leaving a considerable surplus available for export, stated the president of YPFB, Armin Dorgathen.

Regarding the decrease in gas production from 60 MMmcd to 40 MMmcd, the authority declared that the decline is reversed with investment in exploration to discover new gas reservoirs. “It should have been done in the past, but it was not done. However, we are now taking action on this; “We are focused on the search for new basins,” he expressed.

Likewise, Dorgathen indicated that the work to search for new reservoirs is intense and assured that the necessary resources are currently available. “We are a country with abundant hydrocarbon resources. "We are verifying the existence of new oil systems and evaluating the presence of a new generation of gas, so it is imperative to find this resource."

Exploration work covers various areas, both traditional and non-traditional, with drilling in new projects in the south and north of the country, which demonstrates the commitment of the state company YPFB to the search for new basins. “We still have deposits to exploit, but we need to find new reservoirs,” he added.

It is evident that the country has a high gas potential. For this reason, the national government implemented the Upstream Reactivation Plan in order to replenish gas reserves and increase the production of liquid hydrocarbons. Progress in this area is palpable and concrete results are expected to be observed by 2027 and 2028.

The authority also clarified that, despite the decrease in reserves, at no time was there nor will there be a minimal risk of losing the ability to export and generate income, much less the possibility of supplying the domestic market. The country has sufficient reserves to meet its needs beyond the year 2040, and YPFB's exploration plan aims to guarantee new reserves for a later period.