2023-10-11 05:16:02
In the special session, the Chamber of Deputies began at midnight the treatment of the Liquefied Natural Gas (LNG) Promotion Regime, a project with a strong impact on Vaca Muerta. There is criticism from the opposition for how it was previously addressed in the commissions.
The deputy and governor-elect of Neuquén, Rolando Figueroa, stated that “if the indicated measures are taken, we can monetize our subsoil.”
He described it as “a historic day for Neuquén, for the Patagonians and for all of Argentina, because this LNG Promotion Regime is going to be a true State policy that will bring growth and employment thanks to the development that Vaca Muerta allows us.” .
For his part, the Santa Fe legislator Gabriel Chumpitaz, from the PRO bloc, regarding the technical aspects of the project, noted that one of its inconsistencies is how “the freight” of the distance of LNG to the consumption centers will be addressed.
In turn, the deputy of Rio Negro, Susana Landriscini, from the Frente de Todos, valued the project that “what has to do with liquefaction is essential for the monetization of reserves to launch new stages of the entire fabric.” “productive that has to do with the exploration of new basins, with extraction and increasing the level of fracture.”
“A valuable opportunity to discuss the direction of our country,” said Neuquén deputy Pablo Cervi, from Evolución Radical, at the beginning of his speech.
“We have witnessed a process without dialogue in commission,” he questioned and noted that there were important changes minutes before the plenary session, which did not give time to analyze them. He pointed out that this “is not consistent with the need to deal with these types of laws and the consensus that is needed for energy policy.”
“The time window for using this resource is very limited,” he said, so it must be taken advantage of “so that it does not remain underground without being used.”
LNG Law: what they said from YPF
From Deputies it was reported that, as YPF authorities explained, the general framework of the project proposes a 30-year fiscal stability, VAT refund, variable export duties, tax exemption to import and provincial and municipal accession.
It also establishes a exchange rate framework which involves the free application of 50% exports, access to foreign currency for imports and exchange stability for 30 years for financial debt standards.
At the beginning of the plenary session, the head of the Energy Commission, Santiago Igon, announced that “following a lot of work and negotiation with opposition blocs, we have reached modifications to the original text.” Before reading the modifications, he explained that it is articles with “questions of form”.
Opposition legislators spoke out once morest the “express treatment” of the project.
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