Chevron Among Drillers to Feed Argentina Shale NGL Venture (1)

Chevron Corp. and two other major Argentine shale producers will sign contracts this week to supply a natural gas liquids project, a move that all but assures the $3 billion plan goes ahead, according to people familiar with the matter.

Chevron, the US supermajor that’s eyeing a ramp-up in the Vaca Muerta shale basin, will partner with state-run YPF SA and private energy firm Pluspetrol SA, to sign contracts with TGS SA, a gas company leading the project. It is seen as crucial to avoiding infrastructure bottlenecks in the booming shale patch.

“Chevron confirms it is close to ...