AmericasLNG Terminals

BP comes out top in Argentina LNG tender

By LNG Prime Staff
BP wins in Argentina LNG tender
Escobar LNG terminal (Image: Excelerate Energy)

Energy giant BP has secured most of the 24 LNG cargoes sought by Argentina’s state-owned energy company IEASA for upcoming winter demand.

BP won 15 LNG cargoes while trader Gunvor will supply five shipments, Total two, and Trafigura and Naturgy will supply one cargo, each, according to Argentina’s Secretariat of Energy.

In addition, fourteen companies made bids with an average price of $6.50 per MMBtu, lower than the Secretariat of Energy expected but still much higher when compared to last year when IEASA paid less than $3 per MMBtu.

IEASA will splash $330 million for the new LNG deliveries which will arrive between May and September to cater to increased heating demand during the period.

All of the cargoes should land at Argentina’s Escobar LNG import terminal in Buenos Aires region.

Most Popular

LNG Terminals

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.
Corporate

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.
LNG Terminals

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

More News Like This

LNG Terminals

BP, partners ship first Tortue LNG cargo

UK-based energy giant BP and its partners have shipped the first liquefied natural gas (LNG) cargo produced at the Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, according to shipping data.
LNG Terminals

Venture Global launches Calcasieu Pass LNG commercial ops

US LNG exporter Venture Global LNG has launched commercial operations at its Calcasieu Pass LNG terminal in Louisiana, some 68 months from its final investment decision and 38 months after production start.
Contracts and Tenders

TotalEnergies inks initial Dominican LNG supply deal

France's TotalEnergies has signed a heads of agreement with ENADOM, the joint venture between AES Dominicana and Energas in the Dominican Republic, to supply liquefied natural gas (LNG) to the latter.
Corporate

TotalEnergies: average LNG price up in Q1

French energy giant TotalEnergies, one of the world’s largest LNG players, reported a rise in its average price for equity liquefied natural gas sales in the first quarter of this year.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA