HOUSTON, March 12 (Reuters) - Argentina has not
requested an additional floating regasification plant from
Excelerate Energy ( EE ) for the winter to come, a company
executive said, as the South American country plans lower
imports of liquefied natural gas this year.
Derek Wong, Excelerate's vice president of government
relations, told Reuters on the sidelines of the CERAWeek
conference in Houston that the floating storage and
regasification unit (FSRU) the company has in service, the only
import facility in Argentina, might be enough to meet demand
again this year, depending on weather conditions.
Costly LNG imports have been a problem for Argentina in the
past, but increasing domestic output of natural gas has allowed
lower imports of gas via pipeline from Bolivia and also of LNG
cargoes in recent years.
Argentina's Economy Vice Minister and Head of Energy Daniel
Gonzalez said earlier this week at the conference that the
country this year would import fewer LNG cargoes than last year,
but declined to elaborate on figures.
Cold winters in the Southern Hemisphere typically increase
gas consumption in Argentina, sometimes creating the need to put
another FSRU in service.
Last year, only one FSRU was needed to import 30 LNG cargoes
during the winter, while in the two previous years between 41
and 44 cargoes were imported through FSRUs at Bahia Blanca and
Escobar.
Following President Javier Milei's economic reforms,
Argentina last year had a $5.7 billion surplus at its energy
trade balance, a big achievement for a country that had
struggled to cover the cost of energy imports in previous years.