ANNOUNCED AS TEMPORARYYes
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.
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