\t\t\t \t\t\t\t\t \t\t\t\t\t Indian firm Welspun Corp was chosen by Southern Energy (SESA) as its pipe supplier for a massive US$15 billion project to export liquefied natural gas (LNG) from the Vaca Muerta field, beating local company Tenaris, part of the Techint group.<\/p>\n
The news was originally reported on Sunday by La Naci\u00f3n newspaper, and confirmed on Monday by Nicol\u00e1s Gandini, director of Econo Journal, and one of Argentina\u2019s top experts on the energy sector.<\/p>\n
According to Gandini, it\u2019s the first time \u201cin Techint\u2019s more than 70 years in the country\u201d, that its steel company \u2014 the only local manufacturer of tubes for the oil and gas industry \u2014 has not been chosen for a major energy project.<\/p>\n
Welspun also beat 13 other bids from companies in Spain, China, Colombia, Mexico, Japan, Greece, and Turkey, La Naci\u00f3n reported.<\/p>\n
\u201cThe winning bid barely exceeded US$200 million and was 40% lower than Techint\u2019s,\u201d said journalist Pablo Fern\u00e1ndez Blanco.<\/p>\n
The project Southern Energy is a consortium that groups state company YPF with Pan American Energy (PAE), Pampa Energ\u00eda, Harbour Energy and Golar.<\/p>\n
The contract it awarded to Welspun is for the supply of pipes for a nearly 500-kilometer pipeline that will carry gas from Vaca Muerta, in Neuqu\u00e9n, to the coast of R\u00edo Negro, where it will be liquefied and exported by ship.<\/p>\n
This is one of the largest projects to be developed during President Javier Milei\u2019s administration.\u00a0<\/p>\n
In December, Paolo Rocca, chief executive officer of the Techint group, threatened to close a Tenaris plant in Valent\u00edn Alsina if pipes are imported from China or India for the Vaca Muerta LNG project, warning about the loss of local industrial competitiveness and the impact on employment in the face of offers up to 40% cheaper.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian firm Welspun Corp was chosen by Southern Energy (SESA) as its pipe supplier for a massive US$15 billion project to export liquefied natural gas (LNG) from the Vaca Muerta field, beating local company Tenaris, part of the Techint group. The news was originally reported on Sunday by La Naci\u00f3n newspaper, and confirmed on Monday […]<\/p>\n","protected":false},"author":10,"featured_media":29734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[414,673,1604,3844,4730,8213,8605],"tags":[595,1475,8602,8239,4728,8603,8604],"class_list":["post-29733","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-energy","category-india","category-infrastructure","category-lng-in-argentina","category-techint","category-vaca-muerta-inversiones-gas","tag-business","tag-energy","tag-india","tag-infrastructure","tag-lng-in-argentina","tag-techint","tag-vaca-muerta-inversiones-gas"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/29733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=29733"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/29733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/29734"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=29733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=29733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=29733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}