Friday, October 7

Patagonian legislators call for the sanction of the hydrocarbons law

The panel developed yesterday addressed the problem of hydrocarbons, With the presence of Martínez, González and Demián Panigo, a member of the YPF Board of Directors.

The Secretary of Energy assured that the project does not intend to be a hydrocarbon law “but rather a hydrocarbon promotion regime, in which there is no discussion of the authority or ownership of the resources that are the provinces, nor any tax authority” .

“It is a very important tool that seeks to increase the production of gas and oil in Argentina. For Patagonia it is not a minor issue, because they are hydrocarbon producing provinces. We understand the particularities and difficulties of the region, but also the potential and opportunities “Martinez stressed.

For the national official, the bill “positions the Patagonian region in a different way, it positions the country in a scenario of energy transitions, where it is necessary to move forward without affecting Argentines or the industry.”

Regarding the environmental issue, Martínez clarified: “This investment promotion project does not exempt from environmental responsibilities, absolutely none, all current regulations have to be complied with, there is no type of exception, on the contrary, a special chapter on sustainability is established energetic “.

For his part, the president of YPF stressed that the sector is facing “a window of opportunity at a time of energy transition in the world and in Argentina. This law will help a lot to be able to take advantage of all the energy potential that the country has” .

“It is fundamental for the country,” added González, “because it puts in value not only the unconventional production, but also encourages companies to invest to reverse the declines of the conventional, especially in the San Jorge and Austral Gulf basins.”

Finally, Panigo assured that “in the National Congress the necessary modifications will be made to provide security to the provinces and that, once the law is approved, all producing provinces will be in a better position” and concluded: “We are going to have 20 or 40 years of uninterrupted growth, which is the best thing that can happen to our people. “