A $1.3 billion gas pipeline and a $208 million lithium project expansion in Argentina have been approved for the country’s tax break mechanism for large investments, Economy Minister Luis Caputo said on Thursday.
The San Matias pipeline is designed to transport 27 million cubic meters of gas per day from the Vaca Muerta shale formation and could unlock about $2.5 billion in annual exports, Caputo said.
South Korean steelmaker Posco’s Sal de Oro lithium project is expected to add 23,000 metric tons per year of lithium carbonate worth more than $300 million.
(By Kylie Madry; Editing by Natalia Siniawski)
