Repsol YPF has discovered significant non-conventional gas in the Neuquen basin in Argentina.

The gas find is expected to hold 127Bcm, equivalent to four years’ gas consumption in Spain.

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Repsol’s latest discovery is included in its 2010-14 Exploratory Development Program and adds to other projects carried out in the Neuquen basin.

The Argentinean Government and international investors have positively valued YPF’s strategy, which has attracted a growing market interest.