IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 May 2016 | Removal date: 31 Dec 2018
Still in force

Production subsidy

The Resolution 74/2016 that entered into force on May 19, 2016, created a new incentive program to invest in new projects concerning the exploration and exploitation of the Argentinian natural gas reserves. To do so, the Government guarantees a buying price of 7.5 USD per Million BTU. No such guarantee had been available prior to this intervention.

 

This legislation also removed the Resolution 185/2015 of September 18, 2015, regarding special natural gas projects and replaced the Gas Plus Program announced on the Resolution 24/2008.

AFFECTED COUNTRIES

MAP
TABLE
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AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas

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