Argentina

Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Although headlines on current tightness in the global natural gas market have mostly focused on Europe, Latin America has played a role in the crisis as well, according to Columbia University’s Luisa Palacios. Palacios, a senior research scholar at Columbia’s Center on Global Energy Policy, spoke to NGI’s senior Mexico and Latin America editor Christopher…

January 24, 2022
Argentina Ramps Up Oil, Natural Gas Output as Efforts to Curb LNG Imports Continue

Argentina Ramps Up Oil, Natural Gas Output as Efforts to Curb LNG Imports Continue

Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…

December 28, 2021
Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak

Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak

Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…

December 27, 2021
Argentina Advancing Vaca Muerta Natural Gas Pipeline Project

Argentina Advancing Vaca Muerta Natural Gas Pipeline Project

Natural gas output from Argentina’s Vaca Muerta formation in the Neuquén Basin has been growing steadily, and President Alberto Fernández has greenlighted an infrastructure project to move the fuel to market. The aim of the project is to further spur natural gas production from Vaca Muerta and to reduce the nation’s reliance during winter months…

November 30, 2021
Argentina Launches Third Natural Gas Tender to Boost Production Amid High Prices

Argentina Launches Third Natural Gas Tender to Boost Production Amid High Prices

Argentina’s government has launched a natural gas tender to try to shore up domestic supply starting in the Southern Hemisphere winter in 2022. The majority of the gas would come from the Neuquén Basin, home to the massive Vaca Muerta formation. Energy Secretary Darío Martínez said the objective of the tender — part of the…

October 20, 2021
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
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