Argentina received bids from 16 companies in a path-breaking auction to supply more than 70mn m3/d of natural gas at subsidized wellhead prices for power generation in 2021-24. The bids ranged from $2.40/mn Btu to $3.66/mn Btu, coming in below the maximum price of $3.70/mn Btu. Bids were presented by all of Argentina's main gas producers, including Argentina's state-controlled YPF, France's Total and Shell as well as domestic independents Tecpetrol, Pluspetrol and Pampa Energia. "We are very happy because we received 16 bids, in absolutely all the basins with gas potential," energy secretary Dario Martinez said. The ... (full story)