Argentine’s Domestic Gas Prices Higher Than Exports
The price of natural gas exported from Argentina’s Vaca Muerta formation is nearly half the maximum price a consumer pays for gas in Argentina, according to media reports posted January 28.
Vaca Muerta gas has been exported at prices ranging between $3.18/mn Btu and $3.80/mn Btu, while Argentine consumers pay a price that is closer to $7.30/mn Btu, online media outlet Tiempo Argentina reported.
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Argentina’s Energy Secretariat has announced that the higher price of gas in the domestic market only applies to a portion of the gas consumed by residential users, while the rest is similar to the prices used for export.
The secretariat has also announced that the price of gas in the domestic market would eventually decline, without stating a time frame for the reduction, the media reported.
In Argentina, demand seasonality doesn’t affect the price of gas used for residential consumption and compressed natural gas stations since they are regulated by law.