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    Country Focus: Argentina - Hanging in the balance [LNG Condensed]

Summary

Argentina’s future role in the world LNG market is highly uncertain. In one scenario, in which domestic shale gas development proceeds as planned, it could be exporting 32mn mt/yr of LNG by 2030. In another, adverse investment conditions would imperil the development of the country’s shale gas resources and the infrastructure required to get them to market, leaving not just Argentina but also Chile with a gas defi cit to be fi lled by LNG imports and growing renewables generation.

by: NGW

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Complimentary, LNG Condensed, Liquefied Natural Gas (LNG), Argentina

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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.

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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

 and more! 

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