Country Focus: Argentina - Hanging in the balance [LNG Condensed]
There is no question that Argentina reached a milestone in June as Exmar’s Tango LNG came into operation for state oil and gas company YPF. Operating in the deep water port of Bahia Blanca, it is the first floating LNG plant in the Americas and still one of only a handful around the world. It marks Argentina’s transition from LNG importer to LNG exporter. However, in practice, Argentina will, for the moment, be both LNG importer and exporter.
Tango LNG’s capacity is small at 0.5mn mt/yr and Argentina’s gas demand spikes during the southern hemisphere winter, when, despite rising domestic gas production, it will still look for LNG imports. Nonetheless, the downward trend in the country’s LNG requirements is clear. As its domestic gas balance has improved, Argentina’s LNG imports have fallen, reaching a peak at 4.6mn tons in 2013, but declining steadily each year since, reaching just 2.7mn mt in 2018.
Read the full article in LNG Condensed Volume 1, Issue 6 - June 2019. Subscribe FREE below to download the latest issue:
NOW AVAILABLE: Volume 1, Issue 6 - June 2019
LNG Condensed brings you independent analysis of the LNG world's rapidly evolving markets.
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Volume 1, Issue 6 - June 2019
In this Issue:
FEATURE: India's gas infrastructure challenge
FEATURE: Egypt ramps up its LNG exports
FEATURE: LNG and the methane emissions challenge
COUNTRY FOCUS: Argentina - Hanging in the balance
PROJECT SPOTLIGHT: Mozambique LNG
TECHNOLOGY: Korean Competition for GGT
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