LatinNews Daily - 13 June 2022

In brief: Argentina and Chile reach gas supply deal

* Argentina’s President Alberto Fernández has announced an agreement with his Chilean counterpart Gabriel Boric for Argentina to provide Chile’s southern region of Biobío with 300,000 cubic metres a day (m3/d) of natural gas. Fernández and Boric held a bilateral meeting at the Summit of Americas, which took place from 6-10 June in the US. Boric stated that the agreement, which will continue until 30 September 2023, will significantly lower the cost of energy, particularly in the Biobío region. The presidents also announced that Argentine suppliers had been authorised to export liquefied natural gas (LNG) by land to Chile, and to continue with the works that will allow the rehabilitation of the existing but inactive trans-Andean pipeline by early 2023. According to an Argentine government statement, this work aims to improve logistics efficiency for the transportation of crude oil from the Vaca Muerta basin in Argentina’s southern province of Neuquén to Chile.

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