financetom
Business
financetom
/
Business
/
Cold snap in Argentina disrupts gas supplies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cold snap in Argentina disrupts gas supplies
May 16, 2024 9:28 AM

BUENOS AIRES, May 16 (Reuters) - A severe cold snap in

Argentina has forced gas suppliers to hit the breaks on fuel

distribution to gas stations and industries around the country,

companies said, limiting supply to those on contracts which

allow them to be cut in such circumstances.

Half of the customers of Camuzzi Gas Pampeana,

which supplies 269 gas stations in the provinces of Buenos Aires

and La Pampa, has been affected, spokesperson Rodrigo Espinosa

told Reuters.

"The main objective is to give priority to the gas available

in the main pipelines to the priority demand: homes, businesses,

hospitals, government agencies, schools."

Some 1.5 million vehicles nationwide, including public

transport, taxis and cars, are using compressed natural gas

(CNG) because it is cheaper than other fuels, Camuzzi said.

Espinosa noted the disruption was not due to gas shortages

but to sudden low temperatures that caused gas demand to double

on Monday compared to same day last year.

MetroGas, the country's largest natural gas distributor with

2.4 million customers, including gas stations and industries,

said the cut was partial and regulations prevented residential

customers from being cut off except in a national emergency.

"This means that when demand is higher than usual, the least

urgent customers are cut off first: CNG and industries," the

company said, adding such weather-based cuts tend to normalize

quickly.

"This time it happened because it was the first cold snap

and there was a lot of demand," it said. "For the rest of the

(southern) winter, there would need to be a string of very cold

days for this to happen again. Last winter it happened twice."

Argentina is seeking to become a key global energy supplier

by harnessing exports from its massive Vaca Muerta shale

formation. It is working on reversing its northern pipeline to

ship gas to northern provinces, Brazil and beyond.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Thyssenkrupp to spin off 49% of defence division TKMS to shareholders
Thyssenkrupp to spin off 49% of defence division TKMS to shareholders
Jun 4, 2025
KIEL, Germany (Reuters) -Thyssenkrupp plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on Wednesday. The comments were made at a press event in Kiel, Germany, where Thyssenkrupp revealed the new branding for the division. TKMS has benefited from strong...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
--Mexico Expected to Renew Approval of Nippon Steel-US Steel Merger Thursday, Reuters Reports
--Mexico Expected to Renew Approval of Nippon Steel-US Steel Merger Thursday, Reuters Reports
Jun 4, 2025
01:11 PM EDT, 06/04/2025 (MT Newswires) -- Price: 53.64, Change: -0.06, Percent Change: -0.11 ...
Element 29 Renews 5-Year Surface Access Agreement at Elida Project
Element 29 Renews 5-Year Surface Access Agreement at Elida Project
Jun 4, 2025
01:13 PM EDT, 06/04/2025 (MT Newswires) -- Element 29 Resources ( EMTRF ) on Wednesday signed a renewed five-year surface-access agreement with the host community at its flagship Elida Porphyry Copper-Molybdenum-Silver (Cu-Mo-Ag) project in central Peru. This agreement, which runs to the end of April, 2030, secures long-term access to support both current and future exploration activities. Element 29 Resources...
Copyright 2023-2026 - www.financetom.com All Rights Reserved