Imports drop as domestic gas production rises in Argentina

Platts: Imports drop as domestic gas production rises in Argentina

Argentina’s LNG imports in July dropped 7% compared to the same period a year before as the production saw a slight increase of 0.7%, reveals Platts unit Bentek Energy. 

Imports topped at 1.492 mcm of LNG in July compared to the 1.611 mcm of LNG for the same month in 2013. This year-on-year decline was the first since 2009.

Domestic gas production increased slightly but YPF showed a 15% increase while Pan American Energy recorded a 3.9% rise in production, according to the General Mosconi Institute data.

August revealed another rise in domestic gas production while imports again declined, this time 19.3% in comparison to August 2013.

In early September, the country suspended a buy tender for 13 LNG cargoes that were to be delivered from November 2014 to March 2015 according to market sources. Although YPF claimed it has sufficient supplies, sources dispute this claim stating that the country’s debt might have severely damaged the country’s ability to buy LNG on the international market.

 

LNG World News Staff, September 16, 2014; Image: Excelerate

Share this article

Follow LNG World News

4 thoughts on “Imports drop as domestic gas production rises in Argentina”

  1. Pingback: Jackie
  2. Pingback: gregory

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >