Brazil is seeking more natural gas to meet rising gas-fired power needs and has held talks with Argentina and Bolivia on reversing pipeline flows to transport Argentinian supplies from the Vaca Muerta shale-gas basin.
Argentina is moving forward with more natural gas production both onshore and offshore with LNG market participant, the French major TotalEnergies, announcing the start of drilling at the Fenix gas field off the southern Argentine province of Tierra del Fuego.
ExxonMobil and Qatar Petroleum are proceeding with a long-term upstream development in Argentina’s Vaca Muerta shale play with plans for 90 wells with a central production facility and pipelines.
Argentina is offering its first liquefied natural gas cargo produced by a floating liquefaction unit deployed at the port of Bahia Blanca as it aims to end its import requirements and become a future large-scale exporter of LNG made from the huge Vaca Muerta shale-gas resources.
Argentina said it would take some time before the nation becomes a global player in the liquefied natural gas export market from shale-gas production because of available volumes and costs as well as finding customers.
Argentina plans to deploy a floating liquefied natural gas production hull at the port of Bahia Blanca in the second quarter of 2019 under an agreement with Belgian shipping company Exmar and the Argentine oil and gas producer Yacimientos Petroleiferos Fiscales (YPF).
Leading LNG exporter Qatar is aiming to secure its position in shale-gas development in Argentina as the Gulf state’s Emir Tamim Bin Hamad Al Thani begins a state visit to the South American nation when energy investments will head the agenda.
Argentina is set to change from being an importer to an exporter of liquefied natural gas and has initiated a study on the first liquefaction and export venture with US floating project specialist Excelerate Energy.
LNG importer Argentina will advance its plans to halt shipments within a couple of years as it expects development of its own resources in the Vaca Muerta shale-gas region will lead to the restart of pipeline gas exports to Chile as early as October.
Qatar Petroleum, owner of the world’s largest LNG production complex at Ras Laffan in the Arabian Gulf along with minority partner ExxonMobil Corp., has signed an agreement with the US major to purchase a large stake in its shale assets in the prolific Vaca Muerta play in Argentina.