Vaca Muerta oil output nears 1M bpd, exports 40%, LNG project due 2027

Argentina's Vaca Muerta shale play reached 973,000 bpd in September, up 15% YoY, with 40% exported. The first LNG project is slated for 2027, signaling a major shift in Argentina's energy export capacity. This confirms the basin's trajectory as a global supply source, though infrastructure and investment risks remain.