President Alberto Fernandez on Wednesday called on oil and gas sector businessmen to bet on Argentina and announced that a project to provide protection for investments for energy and liquefied gas production would be submitted in the coming days.
“I need to persuade them to join, come and do business with us, and that should be state policy in Argentina”expressed the President while presenting to about thirty businessmen from the sector in the city of Houston, Texas, where he was the special guest at a lunch hosted by the Argentine Embassy in the United States.
At the end of his speech, the president announced that a bill would be sent to Congress next week to give “legal certainty” to investments in gas, liquefied gas production and lithium.
According to official sources, Economy Minister Sergio Massa, who met 10 days ago, and also with businessmen from the same area in Houston, is working on the initiative.
The President spoke on the outskirts of Houston, before 30 companies of the so-called “Oil Family” that are not in the country, on the outskirts of Houston, as the final activity of the tour, which would allow them to participate in the United States. Took it. 77th General Assembly from ONU.
Argentina has “competitive and efficient resources to supply energy to the world” Alberto Fernandez
In his message, the president highlighted that the Vaca Muerta “could double Argentina’s GDP in the next 7 years” and is an “example” that “Argentine citizens continue to pursue in their dream of prosperity and development.” There are more companies, national and foreign, they have the opportunity to do interesting business for exposure and perspective».
“And together we contribute to energy security in our region and the world,” he emphasized.
The president remarked that Argentina has “competitive and efficient resources to supply the world with energy,” and not only because of the Vaca Muerta but because of its “abundance of wind, sun and lithium”.
The president explained that this is “the second reserves of unconventional gas and the fourth reserves of unconventional oil in the world.”
“After 10 years of development and exploitation, the Vaca Muerta today represents 40 percent of the total production of hydrocarbons in Argentina,” he observed.
The president then stated that he “believed” that the “design” of a country should be envisioned “based on the amount of reserves” where energy is the central axis of development.
“We have abundant not only oil, which will continue to be used for a few more years, but also gas, and what is happening through the crisis that has arisen between Russia and Ukraine, I think Argentina has a lot to offer. Huge opportunity,” he said. head of state. , but added that “we have to build this together: the state and the businessman.”
In another section, he also emphasized that the construction of the Nestor Kirchner gas pipeline “will allow gas imports to be reduced by 2/3 compared to this year, and when this is completed we will be able to supply ourselves.” And we’ll have a lot of gas left for export.”
Fernández was introduced to the United States by the ambassador, Jorge Argüello, after some introductory words by Emilio Daenerys, president of the National Oil and Gas Institute.
Activity was also announced for “Waka Murta Shell Day”, an event that brings together executives from key companies in the sector in Houston, and which will take place on September 29, in the presence of the Secretary of Energy, Flavia Royan. , and the governor of Neuquén, Omar Gutierrez.
“We have abundant not only oil, which will continue to be used for a few more years, but gas, and what is happening through the crisis that has arisen between Russia and Ukraine, I think Argentina has a great opportunity. ” Alberto Fernandez
The presence of both officials at that meeting was highlighted by the president, who highlighted the presence of Gutierrez, even though he was of a more “political colour”, due to the fact that it belongs to the provincial leader Neuquén Popular Movement (MPN). .
“It is no coincidence that Massa has been here, that I am here today and that in a few days the Secretary of Energy and the Governor of Neuquén will come,” the president insisted.
Finally, he reaffirmed the government’s objective of turning energy development into the “core state policy” that the country needs. After the exhibition, a compatible lunch was organized with the businessmen.
Fernandez was accompanied by First Lady Fabiola Yanez; Foreign Minister Santiago Cafiero; Secretary General of the Presidency, Julio Vitobello; The Minister of Security, Anibal Fernández, and the President of the YPF, Pablo González.
Among businessmen who listened to the president were David Mendelson of Total Energy; Shell’s Bill Langin; Exxon’s Thomas Schuesler; Chevron’s Eric Dunning and Schlumberger’s Patrick Galetti, among others.