Argentina unveiled this week a new plan for natural gas development, looking to attract US$5 billion in company investments to revitalize gas production in the Vaca Muerta shale play and make Argentina independent from natural gas imports. The plan, presented on Thursday in the Neuquén province home to Vaca Muerta, aims to stop the production decline, replace Argentina’s natural gas imports, boost investment by attracting US$5 billion, and increase tax collection by US$2.525 billion. The gas development plan will also aim to boost local employment and work for Argentinian service companies, the government said. “The plan is, first of all, working to guarantee the gas that Argentina needs to live and produce. This is not spending, this is investment,” Argentina’s President Alberto Fernández said at the event in Vaca Muerta on Thursday. Vaca Muerta has been dubbed the ‘Argentinian Permian’, although its geologic properties have been compared more appropriately […]