Bloomberg News

Argentina Gets Reloaded Portugal LNG Spot Cargo at Bahia Blanca

April 22, 2013

Argentina is scheduled to receive a spot cargo of liquefied natural gas from Portugal, according to ship-tracking data.

The Ben Badis, with a capacity of 173,800 cubic meters, will arrive today at the port of Bahia Blanca southwest of Buenos Aires, according to ship transmissions captured by IHS Fairplay on Bloomberg. The tanker sailed from Portugal’s Sines LNG receiving terminal, where it reloaded the supercooled natural gas and departed April 6.

YPF SA (YPFD), Repsol SA (REP) and Repsol Gas Natural LNG have leased Excelerate Energy’s LNG vessel, the Excelsior, and docked it at Bahia Blanca to unload LNG, according to Excelerate’s website. The floating regasification facility began operating in 2008.

The Sines LNG terminal, with a capacity of 5.26 billion cubic meters of natural gas a year, is managed by REN-Redes Energeticas Nacionais SA, Portugal’s power and gas grid operator.

Officials from Energia Argentina SA, the state-run energy company, and REN in Lisbon didn’t immediately respond to e-mails seeking comment outside normal working hours.

Argentina has no long-term LNG-purchase contracts. Enarsa and YPF have issued six spot purchase tenders seeking as many as 143 cargoes from December last year. YPF’s latest tender for 10 LNG shipments delivered to Bahia Blanca in the second half of 2013 closed April 10.

The Celestine River, with a capacity of 145,394 cubic meters, last delivered a shipment from Atlantic LNG to Bahia Blanca on April 16.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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