Argentina’s President Alberto Fernandez will sign a decree for the construction of a new gas pipeline system in the country’s Vaca Muerta shale formation to help boost gas exports, reported Reuters.
The project, the first stage of which will take 18 months and an investment of some $1.6 billion, will add transportation capacity of approximately 24 million cubic meters per day by 2023. It includes the construction of a gas pipeline from Tratayen, in the province of Neuquen, where the Vaca Muerta formation is located, to Salliquelo, in the province of Buenos Aires.
The Vaca Muerta shale formation is the world’s fourth-largest shale oil reserve and the second largest for shale gas.
