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Argentina’s hydrocarbon commission to take on Gas Plus

The Argentine government has launched its powerful new hydrocarbons commission, which will be tasked with regulating investment and setting prices in the energy sector

Near the top of the new commission’s agenda will be reform of the Gas Plus programme that would allow state-run YPF and others to increase the price of natural gas sold in the country and investment in the country’s huge Vaca Muerta shale gas play more attractive. “We have entered into discussions with the government entities that regulate the market to redesign the Gas Plus programme so that it fits our portfolio of investment. We are working as we speak on that programme and it is something that we think should be completed (by 30 September),” Miguel Galuccio, the new head of YPF, told investors at a recent presentation. Natural gas prices are tightly controlled by the Argentine governme

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