5 years ago, Argentina imported most of their energy, including liquified natural gas.
https://www.worldoil.com/news/2018/10/17/argentina-plans-to-close-lng-importing-facility In October, they announced they are closing an LNG import facility because it's not needed anymore
https://oilprice.com/Latest-Energy-News/World-News/Argentina-To-Start-First-Ever-LNG-Exports-In-2019.html In November, YPF announced a strategic partnership, to start exporting LNG in 2019.
https://www.oedigital.com/news/461179-tango-flng-en-route-to-argentina The LNG plant is in fact on it's way to Bahia Blanca already - one month after the contract was signed.
So while we spent years with regulatory hurdles, and plants getting cancelled... Others just march on with the times.
https://www.worldoil.com/news/2018/10/17/argentina-plans-to-close-lng-importing-facility In October, they announced they are closing an LNG import facility because it's not needed anymore
The decision not to renew the decade-old contract comes as output from Vaca Muerta, the nation’s answer to the Permian basin, has created an oversupply of gas during the summer. Shale gas production soared to 205 million cubic meters a day in August, more than triple the level seen a year earlier. The government has negotiated exports to Chile to help solve the problem. It has also initiated talks to receive less gas from neighboring Bolivia, with which it has a contract through 2026.
https://www.oedigital.com/news/461179-tango-flng-en-route-to-argentina The LNG plant is in fact on it's way to Bahia Blanca already - one month after the contract was signed.
So while we spent years with regulatory hurdles, and plants getting cancelled... Others just march on with the times.
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