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(Bloomberg) Blockades of roads to Argentina’s shale fields in Patagonia are set to enter their fourth week as health workers on the front lines of the pandemic demand salary increases to keep pace with one of the highest inflation rates in the world.
Argentina sees recovery in gas output on incentives, but LNG imports to increase
Argentina’s government expects a pricing incentives program will turn around a slide in natural gas output in the next few years, but LNG imports are poised to rise this year, including via a possible second floating storage and regasification unit (FSRU), Energy Secretary Dario Martinez said.
“Producers are investing in [gas] resources,” he said late March 30 in an interview with Telefe Neuquen, a local TV broadcaster. “We want to create a virtuous cycle that guarantees more gas for Argentina and reduces gas imports.”
The secretariat launched the incentives program in December, creating a system of auctions for long-term gas supply contracts with the goal of pre-selling 70 million cu m/d half of the 140 million cu m/d of average consumption of supplies each year to distributors and power plants, plus additional amounts during the cold months of May to September. In the first tender, con
Argentina’s LNG import terminal in Escobar to reopen, easing shortage concerns
A federal judge in Argentina has lifted a more than three-month suspension of the country’s only floating storage and regasification unit (FSRU) after the government warned of natural gas shortages if LNG imports were hindered.
The FSRU, which is docked in Escobar, a district up the Parana river from Buenos Aires, was ordered closed last October on explosion concerns. In an 11-page ruling, Judge Adrian Gonzalez Charvay said studies presented by the national Energy Secretariat, the state-backed energy company YPF, which operates the FSRU, and other companies and entities involved found that there was no risk of an explosion.