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Argentine gas transporter gives LNG project update

Bnamericas Published: Tuesday, November 08, 2022

Argentine gas transporter TGS is advancing plans for a modular LNG plant as the company eyes a possible doubling of capex next year.

TGS – in partnership with US LNG solutions firm Excelerate Energy – has a project targeting Bahía Blanca in Buenos Aires province.   

“We’re currently working on selection of the module,” said TGS CFO Alejandro Basso, adding that the first module would have production capacity of 2Mt/y. “We have received several proposals from suppliers.”

Officials are also in the process of selecting an engineering services provider for the module installation, the company’s 3Q22 results call was told.

Rising gas production and midstream developments in Argentina – chiefly the construction of the first phase of the Vaca Muerta gas pipeline – have raised the prospects of liquefaction infrastructure outlay.

Several LNG projects have been announced but no final investment decisions have been publicly announced yet. 

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TGS is also expanding capacity at its Tratayén gas conditioning plant in Neuquén province. Estimated company capex of US$100mn for this year may double to US$200mn next, said Basso, citing associated outlay demands at the facility.

TGS has previously said it was aiming to increase processing capacity to 15Mm3/d (million cubic meters per day) by the end of the year, to 21Mm3/d in 2023 and to 28Mm3/d in 2024.

Tratayén plant outlay in 2024 may hinge on progress of the second phase of the Vaca Muerta pipeline, the call was told.  

Completed in 2019 with initial capacity of 5Mm3/d, the gas conditioning plant underwent an expansion of 2.4Mm3/d under a 2021 capex plan of US$16mn.  

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