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Oil and Gas

Snapshot: Argentine gas exports in November

Dec, 22, 2022 Posted by Gabriel Malheiros

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Argentina exported 9.40Mm3/d (million cubic meters per day) of gas in November, up from 8.68Mm3/d the previous month and up from 8.13Mm3/d a year earlier, according to data from watchdog Enargas.

Local producers chiefly send gas to Chile, as growing production and domestic dispatch restrictions in the Neuquén basin – along with attractive export prices – buoys interest in foreign sales.

Exports climb over the Southern Cone’s warmer months, when domestic demand in Argentina slackens.

Uruguay is currently the country’s only other gas offtaker. An improvement in hydrological conditions in Brazil has supported stronger hydropower output and dampened demand for energy imports. The TGM Argentina-Brazil link connects to a Brazilian thermoelectric plant.

Argentina’s federal energy department published no natural gas export authorization requests in November, down from two in October and five in September.

National gas production was 133Mm3/d in October, with the Neuquén basin accounting for 68%, according to a report from consultancy OilProduction Consulting, founded in Chubut province. The balance was produced in the Austral basin (21%), the Golfo San Jorge basin (8%) and the Noroeste basin (3%).

Liquefaction infrastructure – if eventually built – would allow Argentina to tap gas-hungry markets in other regions.

The Argentine government is extending 2020-24 production incentives program Plan Gas to 2028 and, in parallel, seeking to contract additional output to help fill the future 22Mm3/d first phase of the under-construction Vaca Muerta gas pipeline megaproject. As part of the process, officials outlined benefits for Plan Gas producers that also export.

Source: BN Americas

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