Tender for Argentinian FSRU lease awarded to Excelerate

Tender for Argentinian FSRU lease awarded to Excelerate

Excelerate Energy has been informed of the award of the short-term lease of a floating storage and regasification unit (FSRU), although there has not yet been an official announcement from the government.

Excelerate won a tender to reactivate the country’s Bahia Blanca regasification terminal, bringing the company back to the port where it imported LNG for a decade.

Argentina’s state-controlled YPF carried out the hastily arranged tender on behalf of state-owned energy company IEASA, with the aim of supplementing domestic gas supply during the peak-demand winter period that starts in May.

The lease runs from late May through to August.

Elsewhere in Buenos Aires province, Excelerate still operates a smaller LNG import terminal in Escobar. The government recently launched a subsidy programme meant to stimulate domestic gas production, but industry executives say it came too late to ensure adequate supply for the winter months.

Argentina also imports pipeline gas from Bolivia, where output is falling, and seasonal regasified LNG from Chile.

For more information visit excelerateenergy.com

12th April 2021