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Gazprom eyeing gas project in Argentina

April 22, 12:10 UTC+3 MOSCOW

It was reported earlier that Gazprom showed interest in the Estacion Fernandez Oro deposit

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© Vitaliy Nevar/TASS

MOSCOW, April 22. /TASS/. Gazprom considers the possibility of acquiring a stake in one of the key producing assets of Argentina’s YPF, the company said on Monday.

"Gazprom Group is considering the possibility of implementing projects in Argentina, including those related to the development of unconventional gas reserves. We are currently evaluating acquiring a stake in one of the main gas production assets in state-controlled oil and gas company YPF", the company said.

It was reported earlier that Gazprom showed interest in the Estacion Fernandez Oro deposit, developed by YPF.

In the fall of 2015, Gazprom and YPF signed an agreement on cooperation in the field of hydrocarbon production.

Gazprom is participating in preparation of a master plan for the development of the Argentina’s gas industry.

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