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LNG: Argentina May Cut LNG Imports from 2025: Platts

LNG
Energy BulletsBulletPower BulletsCommodities

Argentina will likely import 26-32 LNG cargoes in 2025, in-line with the 30 shipments this year, a source close to Enarsa told Platts.

  • Enarsa has been gradually reducing its LNG buying, which peaked at 104 cargoes in 2014. It has also cut its FSRUs from two to one.
  • The scaling back is the result of rising local production driven by the development of the Vaca Muerta shale play.
  • Argentina’s gas production surpassed 150 mcm/d this year, compared to 113.7 mcm/d in 2014.
  • Argentina’s average gas demand around 140 mcm/d.
  • The 2024 increase in LNG buying came because winter arrived earlier than expected in May and was the coldest since 1960.
  • If next winter is milder, buying could even fall below the estimated 26-32 cargoes.
  • Moreover, a surge in production from Vaca Muerta could cut LNG cargo buying to just 20.
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Argentina will likely import 26-32 LNG cargoes in 2025, in-line with the 30 shipments this year, a source close to Enarsa told Platts.

  • Enarsa has been gradually reducing its LNG buying, which peaked at 104 cargoes in 2014. It has also cut its FSRUs from two to one.
  • The scaling back is the result of rising local production driven by the development of the Vaca Muerta shale play.
  • Argentina’s gas production surpassed 150 mcm/d this year, compared to 113.7 mcm/d in 2014.
  • Argentina’s average gas demand around 140 mcm/d.
  • The 2024 increase in LNG buying came because winter arrived earlier than expected in May and was the coldest since 1960.
  • If next winter is milder, buying could even fall below the estimated 26-32 cargoes.
  • Moreover, a surge in production from Vaca Muerta could cut LNG cargo buying to just 20.