Argentina‘s LNG Potential: Targeting Brazil and Beyond
A panel discussion at the Energy Day conference delved into Argentina’s burgeoning natural gas production, pinpointing the lucrative market of Brazil as a potential destination for Argentine LNG. Key players in the industry envisioned the country’s role as a significant LNG exporter, particularly to neighboring Brazil.
“Brazil is enormous,” stated Catherine Remy, general director of Total Austral and Country Chair of TotalEnergies in Argentina. “Petrobras sees a market of more than 60 million cubic meters per day (MMm3/d) to supply the industrial sector. We see the opportunity to export Argentine gas to Brazil in the near future. We contemplate Chile as a possible destination as well, which leans heavily on renewables but could benefit from the flexibility of natural gas to compensate for intermittent renewable energy production.”
Gabriela Aguilar of Exelerate argued for streamlining the process, emphasizing the urgency. “We hope Argentina can expedite the structured development of planned LNG projects. By 2024, global demand is projected to reach 700 million tons. This signifies a 300 million-ton shortfall, potentially creating a critical role for Argentina,” she highlighted.
Pipeline to Prosperity
Specifically, enrolling Brazil constitutes a current strategy. “We see Brazil as a potential LNG customer. They need flexibility in their energy macrix,” affirmed Rodolfo Freyre, vice president of Gas, Energy and Business Development at Pan American Energy (PAE).
The energy landscape is changing, and projects are emerging to solidify Argentina’s presence in this transformative marketplace.
Reynald Freyre revealed exciting advancements for an LNG project in Río Negro, “This Monday, Harbour Energy announced their participation with 15%, joining Pampa Energía at 20%. Goalkeeper holds 10%, and we are partners in this venture. Sotuer Energy, our collaborative entity
targets a 2027 launch – likely in September, bypassing the winter season – largely leveraging existing infrastructure.”
Freyre expressed enthusiasm for this project, stating “It’s substantial. We’re looking at obtaining predictability in natural gas supply for the ship to operate year-round. It’s an exciting endeavor, representing nearly 12 MMm3/d, roughly 10% of the country’s gas consumption. This project avoids project finance, granting us more flexibility in LNG sales.”
Balancing Act: Visions for Green Energy Transition
While embracing potential, Argentine energy providers are acutely aware of colonnade for the environment. “Global demand will increase with the growing population. Oil and gas remain vital. We strive to produce more while minimizing emissions. It’s not simple, but we’re equipped with solar and wind farms. We have Vulnerability
Argentine company’s
in Buenos Aires, Chubut, and Santa Cruz. Two other solar parks are located in the north,” Remy elaborated.
She continued, revealing, “We are actively pursuing emissions reduction in Vaca Muerta, electrifying that plant capitalized at 14 MMm3/d,’ we’re constructing
high voltage lines
alignment with our solar energy scheme.”
Touching on a February Windows to propel endsuré metropolis ” In
Land of Fire, a 9 MW wind farm teasing ‘coming,’ she propelled Pelham Energy.
For Vargas. ”
“More energy with fewer emissions is key,” Remy stressed. “We diversify supply,
continually striving towards renewed transmission. Green energy ‘жды
“The panel consistently emphasizes Argentina’s commitment to asset diversification: ‘
The scene
What are the key factors driving international interest in Argentina’s LNG potential?
## Argentina’s LNG Potential: An Interview with Reynald Freyre
**Interviewer:** Thank you for joining us today, Reynald. Argentina’s energy sector is certainly buzzing with excitement about LNG possibilities. Can you shed some light on the recent developments in Río Negro?
**Reynald Freyre:** Absolutely. We’ve seen tremendous progress recently. On Monday, Harbour Energy announced their participation in a groundbreaking LNG project in Río Negro, securing a 15% stake in this transformative venture. [1] This is indicative of the confidence international players have in Argentina’s natural gas potential, and in this specific project’s promise.
**Interviewer:** And this project’s proximity to Brazil is seen as key?
**Reynald Freyre:** Indeed. Brazil is a massive market with a growing demand for natural gas, particularly in its industrial sector. Brazil needs flexibility in their energy mix, and Argentina is uniquely positioned to help them achieve that. [1]
**Interviewer:** Given the global demand for LNG, how strategically important is this project for Argentina?
**Reynald Freyre:** It’s incredibly important. Global LNG demand is projected to reach 700 million tons by 2024, with a projected shortfall of 300 million tons. Argentina has the resources to become a major player in meeting this demand, not just for Brazil, but potentially for other markets like Chile as well. [1]
**Interviewer:** So, the future looks bright for Argentina’s LNG ambitions?
**Reynald Freyre:** It certainly does. We’re seeing strong investment in infrastructure and production, and there’s a real sense of momentum behind this industry. This LNG project in Río Negro is just the beginning.
