financetom
Business
financetom
/
Business
/
TotalEnergies says Argentine gas must stay under $10/mmBtu to compete in Brazil
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TotalEnergies says Argentine gas must stay under $10/mmBtu to compete in Brazil
Sep 8, 2025 5:49 PM

BUENOS AIRES, Sept 8 (Reuters) - TotalEnergies said

Argentine natural gas must reach Brazil at a cost below $10 per

million British thermal units (mmBtu) to remain competitive,

Sergio Mengoni, the company's Argentina country chair, said on

Monday.

WHY IT'S IMPORTANT

Argentina's Vaca Muerta shale holds significant export

potential, but infrastructure gaps and pricing could hinder

competition with liquefied natural gas imports to Brazil.

KEY QUOTE

"We need infrastructure first - for Vaca Muerta gas to reach

the north and be used for exports - and then for transportation

tariffs in countries where the pipeline has been amortised to

drop a bit," Mengoni, head of TotalEnergies Argentina, said

during the Argentina Oil & Gas event in Buenos Aires.

BY THE NUMBERS

In April, TotalEnergies carried out a pilot test, exporting

500,000 cubic metres of gas per day from Vaca Muerta to Brazil's

Matrix Energía for 10 days through a Bolivian pipeline.

Mengoni said the final price needs to stay below $10/mmBtu

to remain competitive in Brazil.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Tharimmune (THAR) Shares Are Moving
Why Tharimmune (THAR) Shares Are Moving
May 22, 2024
Tharimmune Inc ( THAR ) shares are trading lower by 16.4% to $0.33 during Wednesday’s session after the company announced a 1-for-15 reverse stock split of its common stock effective after trading closes on May 24. The post-split trading will begin on May 28. Approved by shareholders on May 14, the split will consolidate every 15 shares into 1 share,...
Update: Cornish Metals Acquires Land near Its South Crofty Tin Project in the UK
Update: Cornish Metals Acquires Land near Its South Crofty Tin Project in the UK
May 22, 2024
12:27 PM EDT, 05/22/2024 (MT Newswires) -- Cornish Metals ( SBWFF ) said on Wednesday it acquired 7.7 acres of land near the surface infrastructure at its South Crofty tin project in the UK. The company said the acquisition increased its total land area to 28.5 acres and covers the location of the North Winder for the New Cook's Kitchen...
BHP Achieves One-Week Extension After Launching Unsuccessful Third Bid For Anglo American
BHP Achieves One-Week Extension After Launching Unsuccessful Third Bid For Anglo American
May 22, 2024
BHP Group ( BHP ) secured a one-week extension on its proposed takeover of Anglo American . This development came just hours before a deadline mandated by UK takeover regulations, which would have forced BHP to either submit a formal bid or withdraw for at least six months. BHP submitted three unsolicited, conditional proposals, each with the same caveat: Anglo...
EEX, Nasdaq deal triggers EU concerns about bundled products, price hikes
EEX, Nasdaq deal triggers EU concerns about bundled products, price hikes
May 22, 2024
BRUSSELS, May 22 (Reuters) - EU antitrust regulators are seeking feedback on whether the European Energy Exchange (EEX) might expand its market power by bundling products when it buys Nasdaq's European power trading and clearing business, a person with direct knowledge of the matter said on Wednesday. The European Commission, which is examining the deal, sent a questionnaire to the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved