More than a month before winter, the activity of regasification vessels begins

More than a month before the arrival of winter, the country’s two regasification ports began to accelerate. At Escobar’s the one from Bahía Blanca was added from this Mondaywhere the ship landed on Sunday patternboth took the process during the cold season of 2021.

The entry of the ship took place ten days before his arrival last year when he arrived on full holiday for May 25. Moreover, the ship with the Belgian flag has been waiting at this time since May 8, at the outer anchorage of the port of Bahia, for its turn at entry.

Market sources attributed this advancement of operations, in principle, to meteorological and logistical factors. Due to the low temperatures that occur in most of the country, it seeks to guarantee supply to the homes and industrial sectors which is restricted.

Also added the need for Energía Argentina SA (Enarsa) to send the twenty shipments of Liquefied Natural Gas (LNG) it has received since last February, when the first was secured. In reality, it was a price test, days before the war started in Ukraine.

The next two rounds of acquisition, of 7 and 12 vessels respectively, they ended up with average amounts, higher than those paid last year, due to the recovery of the world economy after the pandemic and the advance of the war in Eastern Europe.

Nor do they run away from analysts the difficulties that Bolivia will experience to guarantee the commitment assumed at the beginning of April to the Argentine government.

According to the official Enargas number, what was delivered from that country is less than 14 million cubic meters included in the meeting of presidents Alberto Fernandez and Luis Arce.

The agreement aims not only to guarantee the provision, but also to relieve the bills to pay for gas imports, which puts pressure on reserves, one of the items included in the Extended Facilities Plan signed with the IMF.

Far from the 8.33 U $ S per million BTU paid, on average, in 2021, for each shipment, this year’s first batch, is approaching 40 dollars, to be close 30 dollars on the last check.

Due to high prices, the volatility of prices and the currency restrictions, it is also explained that, entering the period of greatest demand, only a third of LNG shipments were identified that they will need to import throughout the year.

In this case, unlike previous periods, the Exemplar, belonging to efficient energy, arrived without cargo to live again. So, he waited for the arrival of the first LNG carrier at the C dock.mega company to begin the process conducted by the same company in North American for ten seasons, between 2008 and 2018.

In October last year, Mauricio Macri with the then Minister of Energy Javier Iguacelexpelled the Exemplar, whom they recognized loss of self energyassociated with the rules of Kirchnerism.

The following summer and fall, at the same Mega dock, operated a liquefaction barge. In the reverse regasification process, it converted the gas that came through the pipeline from Vaca Muerta into LNG. to export.

Thus, the agreement signed by the YPF and the Belgian Exmarhas shipped six shipments of LNG overseas. With the new national administration and the Argentine oil company, the contract was revokedto leave anyway just nine years.

After using the same regasifier again last year to guarantee gas supply, the government is now pushing for the installation of a fixed liquefaction plant located in Bahía Blanca.

The topic, which until 2018 has two projects prepared (one by YPF and one by Excelerate with TGS), was present at meetings held by President Fernández with Pedro Sánchez and Olaf Scholz in Spain and Germany.