Argentina targets 17.95 Mtpa of LNG capacity from Vaca Muerta by the early 2030s. The projects, the Permian comparison, and the political risk to 2027.

US Henry Hub surged on freeze-offs that cut nearly 10% of production, pushing prompt futures above $6 for the first time since 2022. LNG feedgas risk and low EU storage drove Dutch TTF higher despite milder forecasts.

Maduro’s arrest revived Venezuela oil optimism, but diluent shortages and degraded infrastructure cap near-term supply. Canada stays the USGC base load; SAGD is the upside.