The Giant Gas Reserve That Could Have Eased Today’s Crisis ...Middle East

OILPRICE - Economy

Argentina, home to the world’s second-largest shale gas deposit, cannot help gas-starved Europe, which is scrambling to obtain non-Russian natural gas after Russia’s invasion of Ukraine. In fact, Argentina cannot even help wean itself off its energy import dependence in the short term despite the huge resources at the Vaca Muerte shale. The development of Vaca Muerta has hit various snags over the past half-decade, from perennial economic crises to global oil and gas crises and domestic foreign exchange limitations. Moreover,…

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Last updated : 02 June 2022 clock 01:04 AM

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