US EditionTechint, Out of Business: Gas Projects with Small Profit Margins Force More Imports to Be Accepted
13 Articles
13 Articles
The confirmation that the project to export gas from Vaca Muerta will use pipes manufactured in India—rather than those produced by Tenaris at its Valentin Alsina Buenos Aires plant—as reported by LA NACÓN, generated surprise in the economic establishment, although not so much in the energy sector.In fact, a first sign of this change of criterion had been given a little more than a year ago, when the purchase of tubes for the VMOS pipeline, dest…
Welspun Corp, the metallurgical arm of an Indian conglomerate, prevailed in the bid to provide seamless pipes to the Southern Energy pipeline (SESA), led by YPF, Pan American Energy, Pampa Energía, the British Harbour Energy and Norwegian Golar LNG, for the first LNG project in Argentina. Its supply of US$ 203 million, EcoJournal announced, surpassed that of Tenaris (Techint) and four Chinese competitors. To provide seamless pipes to the gas pip…
Buenos Aires, January 27, 2026-Total News Agency-TNA-The international tender for the supply of steel pipes destined for the construction of a key gas pipeline to evacuate the gas from Vaca Muerta to the global markets became a turning point for the Argentine energy and metallurgical industry. For the first time in this type of strategic projects, Techint, through its controlled Tenaris, was out of the award, displaced by a considerably more com…
The Indian company Welspun was chosen by Southern Energy as its supplier of pipes for the Liquefied Natural Gas (LNG) project that will be installed off the coast of Río Negro. Tenaris, the only tube manufacturer for the Oil&Gas industry that exists in the country, tried until the last moment not to lose [...] The entry An Indian company displaced the Techint Group in the most important LNG project in Argentina was first published in AgendAR.
The award of the contract for the supply of pipes of the Vaca Muerta pipeline to the Indian company Welspun displaced Techint and revived the tension between competitiveness, costs and national production, leaving in uncertainty the future of the SIAT Tenaris plant and hundreds of jobs. Paolo Rocca, a magnate of the Techint Group, had assured that if Argentina bought imported pipes, it would have to close the plant. The warning launched at the e…
The Southern Energy consortium, made up of YPF, Pan American Energy (PAE) and Pampa Energía, awarded the Indian company Welspun the contract for the supply of pipeline pipes that will connect the formation Vaca Muerta with the coast of Río Negro and displaced the Techint Group, traditional supplier of the Argentine energy infrastructure. According to the transcendence of market data, the offer of the winning company was 40% below that made by th…
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