Argentina hydrocarbons watch

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Wednesday, January 17, 2018

Argentina will offer LNG regasification capacity, and subsequently free up the sale of natural gas, to companies as part of a "normalization process" that aims to "restore contractual freedom among market agents" and implement "the gradual reduction of subsidies from the national government" for natural gas.

The government instructed state energy company Enarsa to issue the terms and conditions for the tender to allow market agents access to the regasification terminals to meet their natural gas needs.

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This move intends to create a secondary capacity market for LNG plants, where the owner of the primary capacity can negotiate the transfer of the right of use to a third party.

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Tierra del Fuego province has signed an agreement with Camuzzi Gas del Sur for the administration of the San Martín interconnection and Fueguino gas pipelines, and the Río Grande compressor plant works.

The US$22mn project will be financed by the province's Austral Trust and will connect the local gas transport network to the trunk system that supplies the continent.

The project is expected to be completed next year.

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Officials of the US energy ministry and Salta province have met to express their interest in oil and lithium exploitation. Exploration and exploitation areas will be opened to bids this year as part of the province's decision last November to redetermine 15 areas for hydrocarbon exploration.