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Analysis: Why Argentina has one of the world’s largest natural gas reserves and still has to import it

RIO DE JANEIRO, BRAZIL - Vaca Muerta has one of the most important reservoirs in the world. But no work is being done to allow this production to reach the rest of the country and its ports.

Argentina is suffering from an increase in energy prices as a result of the Russian invasion of Ukraine. The price of liquefied natural gas (LNG), which is transported in ships, is rising inexorably. This energy, which the country buys in winter, could cost seven times more in May 2022 than in 2021.

Of the US$1 billion spent on foreign gas purchases in 2021 . . .

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