[Brazil] - Argentina inaugurates the NĂ©stor Kirchner gas pipeline for the production of Vaca Muerta shale gas

INSUBCONTINENT EXCLUSIVE:
(Photo Internet reproduction)The construction of the pipeline, costing US$2.5 billion, was funded without external financing.According to
the province of Santa Fe, bordering the north of Buenos Aires province.Once the pipeline project is completed, Argentina aims to achieve
self-sufficiency in gas production and plans to export a significant volume to neighboring countries such as Chile, Brazil, and Uruguay,
crucial for Argentina to improve its energy trade balance.In 2022 the country had a negative balance of US$6.6 billion due to diesel oil and
positive.Currently, one-third of the gas produced is used for residential consumption, another for industrial purposes, and the remaining
for power generation.The production of unconventional gas in May 2023 witnessed a year-on-year increase of 10.7%, reaching 57.3 billion