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…
Argentina
Articles from Argentina
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…
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…
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…
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…
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…
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…
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…
More Action Said Needed to Jumpstart Argentina’s Natural Gas Production
Argentina’s government has shown its willingness to boost domestic natural gas production, but an analysis by Wood Mackenzie suggested more might be needed to spur output from operators. In December the national government handed out 23 contracts for 67.42 million cubic meters/day (MMm3/d), or 2.38 Bcf/d, as part of a tender scheme called “Plan Gas…
Argentina’s Vaca Muerta Oil Production on Course for Record Year
Oil production from the vaunted Vaca Muerta shale deposit in the Neuquén basin in Western Argentina has come roaring back after months of slower exploration and production activity. Vaca Muerta reached a record high of 124,000 b/d in December, and it can continue toward 145,000–150,000 by the end of 2021 if current activity levels continue,…