Argentina Approves Tax Breaks for Major Gas Pipeline and Lithium Projects
Argentina's Economy Minister Luis Caputo announced the approval of a $1.3 billion gas pipeline and a $208 million lithium project expansion for tax breaks under the country's large investment mechanism. The San Matias pipeline is set to transport 27 million cubic meters of gas daily from the Vaca Muerta shale formation, potentially unlocking $2.5 billion in annual exports. Additionally, South Korean steelmaker Posco's Sal de Oro lithium project is expected to produce 23,000 metric tons of lithium carbonate annually, valued at over $300 million. 
