Argentina-Brazil NGL deal signed

Petroleo Brasileiro SA, YPF SA, and Dow Chemical Co. have launched a major gas processing/gas liquids utilization project in Argentina and Brazil. The program calls for total utilization of natural gas liquids being produced in Argentina's Neuquen basin. The three firms will spend $630 million the next 3 years on work that is to start this year. The project entails construction and operation of a 1.26 bcfd gas processing plant at Loma la Lata, Argentina, to recover ethane, propane, butane, and natural gasoline from Neuquen basin gas. These NGL will be transported via a 600-km pipeline to a fractionation plant to be built at Bahia Blanca, Argentina. The ethane will be ...

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