Argentina's LNG imports can see 20% decline in 2016 winter season
Argentina's imports of LNG might decline by 20% or more in the 2016 winter season compared with in 2014, as the outcome of a recently announced contract to import natural gas from bordering Chile, local media in both nations reported Monday.
From May via September, Chile will export 5.5 million cu m/day of gas to Argentina under the accord reached Saturday.
Gas to be exported from Chile will certainly be sourced on the worldwide LNG market-- mostly most likely from Asian distributors, according to neighborhood media reports-- as well as supplied to both of the nation's import terminals, GNL Mejillones in the north and also GNL Quintero in main Chile.
homepage will certainly be delivered to Argentina via existing pipes that go across the international border in the Argentinian provinces of Salta in the north and Mendoza in main Argentina.
In the 2015 winter season, ranging from May to September, Argentina imported the LNG equivalent of 3.8 Bcm of gas, according to information from Platts Analytics.
Assuming gas need remains stable this year, imports from Chile, which would complete about 836 million cu m, would reduce Argentina's LNG need by upwards of 22% during the winter months.
While the gas import/export contract got to in between Argentina's energy preacher, Juan Jose Aranguren, and Chilean counterpart Maximo Pacheco made headlines Monday, the nations likewise agreed on additional strategies to additional energy-related teamwork.
Both nations accepted increase bilateral oil and gas expedition and also growth activities in the southerly area of Patagonia, and will certainly look for new means boost the assimilation of their electricity grids.
In 2004, Argentina's exports of natural gas to Chile were halted as a result of decreasing national manufacturing. Over the last years, Argentina's gas output has dropped by roughly 20%, making it a net importer of natural gas.
Argentina creates around 117 million cu m/d of gas while consuming a typical 130 million cu m/d. The national deficiency is connected through pipeline imports from Bolivia and also LNG imports to the country's two terminals-- Escobar in the north of Buenos Aires district and Bahia Blanca in the south.
From May via September, Chile will export 5.5 million cu m/day of gas to Argentina under the accord reached Saturday.
Gas to be exported from Chile will certainly be sourced on the worldwide LNG market-- mostly most likely from Asian distributors, according to neighborhood media reports-- as well as supplied to both of the nation's import terminals, GNL Mejillones in the north and also GNL Quintero in main Chile.
homepage will certainly be delivered to Argentina via existing pipes that go across the international border in the Argentinian provinces of Salta in the north and Mendoza in main Argentina.
In the 2015 winter season, ranging from May to September, Argentina imported the LNG equivalent of 3.8 Bcm of gas, according to information from Platts Analytics.
Assuming gas need remains stable this year, imports from Chile, which would complete about 836 million cu m, would reduce Argentina's LNG need by upwards of 22% during the winter months.
While the gas import/export contract got to in between Argentina's energy preacher, Juan Jose Aranguren, and Chilean counterpart Maximo Pacheco made headlines Monday, the nations likewise agreed on additional strategies to additional energy-related teamwork.
Both nations accepted increase bilateral oil and gas expedition and also growth activities in the southerly area of Patagonia, and will certainly look for new means boost the assimilation of their electricity grids.
In 2004, Argentina's exports of natural gas to Chile were halted as a result of decreasing national manufacturing. Over the last years, Argentina's gas output has dropped by roughly 20%, making it a net importer of natural gas.
Argentina creates around 117 million cu m/d of gas while consuming a typical 130 million cu m/d. The national deficiency is connected through pipeline imports from Bolivia and also LNG imports to the country's two terminals-- Escobar in the north of Buenos Aires district and Bahia Blanca in the south.
