Argentina's Gas Curtailments: Is It a Simple Breach of an Export Permit?
Article from: OGEL 4 (2007), in National and International Issues in Natural Gas Development
Introduction
At the beginning of the year 2004, Argentine gas producers declared themselves incapable of supplying, simultaneously, all the natural gas demanded by Argentine and foreign purchasers.[1] Since then, Argentina's Government has been taking actions (general and particular administrative acts) that have had the effect of curtailing the amount of natural gas which was originally destined to export markets of Chile, Brazil and Uruguay ("CURTAILMENTS").[2] It is safe to assume that these extreme governmental reactions to guarantee gas for the Argentine market have most ...