26 August 2013 - YPF's CEO announced the group was targeting a 23% increase in gas production over the next five years to 36 bcm/y by 2017. Shale gas will represent 32% of gas production increase while tight gas would stand for 27%. The shale and tight gas development in Argentina aims are reducing LNG imports that started in 2008. In parallel, YPF plans to rise its oil production by 29% over the same period to 251 mb/d, of which 46% will be shale oil. YPF signed a deal in July 2013 with Chevron to develop unconventional oil & gas drilling, and is currently dealing with CNOOC for another partnership.

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