Argentina

Argentina Bets on Natural Gas in Hydrocarbons Bill as Vaca Muerta Comes to Life

Argentina Bets on Natural Gas in Hydrocarbons Bill as Vaca Muerta Comes to Life

Argentina’s government has sent a bill to its congress to support the exploration and production of hydrocarbons in Argentina over the next 20 years. One of the key elements of the bill is that the “process of energy transition involves primarily the general adoption of natural gas in the energy matrix.” The bill includes price…

October 1, 2021
Argentina Natural Gas Output Rising Amid Impetus for Vaca Muerta-Brazil Pipeline

Argentina Natural Gas Output Rising Amid Impetus for Vaca Muerta-Brazil Pipeline

Natural gas production in Argentina rose for a second straight month in July as the country’s Plan Gas 4 tender scheme started to show results. “Thanks to Plan Gas 4, we are achieving great production results,” Energy Secretary Dario Martínez said. “We’re breaking production records and this allows us to continue growing the sector and…

August 30, 2021
As South American LNG Demand Soars, New Fortress Secures Gas Supply Through 2027

As South American LNG Demand Soars, New Fortress Secures Gas Supply Through 2027

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s…

July 13, 2021
South America LNG Demand Rising Amid Mix of Drought, Market Factors

South America LNG Demand Rising Amid Mix of Drought, Market Factors

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

June 22, 2021
Argentina’s Second LNG Import Terminal Starts Operations to Meet Winter Demand

Argentina’s Second LNG Import Terminal Starts Operations to Meet Winter Demand

Gas-rich Argentina is back to importing natural gas from two ports with the startup of Excelerate Energy LP’s Exemplar floating storage and regasification unit (FSRU) at Bahía Blanca. The new liquefied natural gas (LNG) import option adds to the existing Excelerate FSRU now stationed at Escobar, also in Buenos Aires province. The Exemplar FSRU has…

June 4, 2021
Argentina LNG Export Ambitions Said Unlikely to Materialize Before 2030

Argentina LNG Export Ambitions Said Unlikely to Materialize Before 2030

Argentina is unlikely to develop serious liquified natural gas (LNG) export capacity this decade because of the current political and economic unpredictability, researchers at the country’s Austral University and the UK’s Oxford Institute for Energy Studies said recently. However, while “Argentina might not become a relevant LNG exporter in this decade,” the country “will continue…

May 12, 2021
Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter

Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter

Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

April 26, 2021
Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs

Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs

Argentina has commissioned a second floating, storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

April 21, 2021
Chevron Looking to Permian, Duvernay and Vaca Muerta for Onshore Growth

Chevron Looking to Permian, Duvernay and Vaca Muerta for Onshore Growth

Chevron Corp. CEO Michael Wirth during the annual investor meeting on Tuesday said the supermajor’s message to investors could best be summed up in four words: higher returns, lower carbon.  Wirth, together with his executive team, laid out a broad global development plan centered around increasing returns on capital employed while slicing the carbon intensity…

March 11, 2021
Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential

Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential

Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets, but much needs to happen before this can occur, experts said this week. In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said…

March 4, 2021
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