YPF Said to Expect Approval to Double Argentine Gas Prices

YPF SA, Argentina’s biggest energy company, expects to receive government approval to more than double natural-gas prices to help fund expansions, according to two shareholders briefed on the plan.

YPF’s Chief Executive Officer Miguel Galuccio told investors last month that Deputy Economy Minister Axel Kicillof agreed to start increasing prices by year-end, said one shareholder who attended the briefing. The average price that the government pays producers may reach $5.50 per million British thermal unit from $2.50, the second shareholder said. Consumer prices in Argentina are subsidized.