IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2014 | Removal date: open ended
Still in force

Production subsidy

On November 8, 2013, the Argentinian Government created a program to encourage the injection of natural gas by small companies (i.e. Programa de Estímulo a la Inyección de Gas Natural para Empresas con Inyección Reducida). The program provides small natural gas producers with a subsidy that varies between 4 and 7.50 USD per million BTU, depending on whether the amount of natural gas injected into the network is equal, above or below the curve of adjustment and the adjusted injection base. Only companies producing less than 3.5 million cubic meters per day during the six months previous to the announcement of this resolution could benefit from the program. Applications to participate in the program had to be submitted by March 31, 2014.

This program was created to complement the Program for the Overinjection of Natural Gas, launched on January 18, 2013, as some gas producers could not benefit from it due to their production capacity (see related measure).

AFFECTED COUNTRIES

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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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