Argentina’s Enarsa gets offers for LNG cargo tender

The event was streamed live on Enarsa’s YouTube channel on March 25.

Units of TotalEnergies, BP, PetroChina, Glencore, Petrobras, Trafigura, and Vitol submitted the offers, while Centrica decided not to participate in the tender.

According to local media reports, about five vessels are expected to be delivered between June and July at the Escobar import terminal in the Buenos Aires region to cover winter demand.

Enarsa’s website shows that the firm purchased 29 LNG cargoes under five tenders in 2024.

This is down from 44 LNG cargoes in 2023.

In 2024, the LNG suppliers included TotalEnergies, Glencore, BP, Trafigura, Gunvor, and Vitol.

Enarsa paid between $9.991/MMBtu and $13.624/MMBtu for the 2024 LNG cargoes.

All of the cargoes were delivered to the Escobar terminal during June-September.

Excelerate Energy’s Expedient FSRU serves the LNG import terminal.

Argentina is reducing its LNG imports and is looking to become a significant exporter, enabling Vaca Muerta shale natural gas to access global LNG export markets.

Argentina’s state-owned oil and gas company YPF is working on the planned Argentina LNG export project.

YPF also joined a floating LNG project developed by Pan American Energy, Golar LNG, and other partners.

The FLNG project involves deploying Golar LNG’s floating liquefaction vessel, Hilli, in the San Matías Gulf, Río Negro province, alongside the construction of supporting infrastructure.

Also, the vessel will have a production capacity of 2.45 million tons per year (mtpa) of LNG, equivalent to 11.5 million cubic meters or 0.4 billion cubic feet of natural gas per day.