The president of YPF, Pablo González, assured that “by 2023 the company’s investments would exceed 5,000 million dollars.”
For iProfessional
01/29/2023 – 9:56 p.m.
The president of YPF, Pablo González, highlighted that the company closed 2022 “with an investment of US$4.1 billion and a total production growth of 9%, the highest in the last 25 years,” within the framework of a meeting between representatives of the Argentine hydrocarbons sector and the German chancellor, Olaf Scholtz, who is visiting the country.
González affirmed that YPF’s production growth in 2022 was the highest in the last 25 years and said that “by 2023 the company’s investments would exceed 5,000 million dollars, which will allow us to continue with this growth agenda.”
During the meeting they analyzed the potential that Argentina has as a global energy producer from the resources it has in Vaca Muerta and the possibility of exporting it as LNG, and discussed renewable energy and lithium in Argentina.
The potential of Aregtina to produce renewable energy
In this regard, from YPF they highlighted that “German officials, led by its chancellor, were interested in renewable energy and lithium, the latter category in which the country presents important opportunities by being part, along with Chile and Bolivia, of the Lithium Triangle, which contains 60% of the world’s resources of this key mineral for the energy transition”.
“YPF is a leader in the production of renewable energy and more than 25% of the energy it consumes is generated from this type of source,” the company highlighted.
More than 25% of the energy consumed by YPF is generated from renewable sources
In addition, through YPF Luz, it operates 400 MW of renewable energy that is generated in its three wind farms located in the province of Buenos Aires (Los Teros), Chubut (Manantiales Behr) and Santa Cruz (Cañadón León), said Télam.
In addition, it is under construction first solar energy project in the province of San Juan, whose initial stage will be inaugurated this year and will add a power of 100 MW, with a final capacity of 300 MW, among other issues.
