2023-11-24 03:15:00
The high temperatures that have been recorded in Brazil triggered the use of air conditioners in that country, but due to a concatenation of actions that involve Boliviayesterday was Argentina, the one that ended up paying a higher costgiven that Not only did it have to burn part of the liquefied natural gas (LNG) reserves that were left for the summer, but it did so by burning much more expensive gas. than the one the Brazilians received.
The Daily System Report National Gas Regulatory Entity (Enargas) revealed yesterday morning that, despite the fact that temperatures in Argentina were within the usual range, A total of 3 million cubic meters of liquefied gas were being injected from the Escobar regasification vessel on the country’s networks.
This type of gas, which is imported in ships at the request of the state firm Energía Argentina (Enarsa), is used in the winter to complete the country’s consumption, and this year – as in previous ones too – An entire shipment was left on the Escobar regasification vessel to be able to attack the classic summer heat waves, which represent a second peak of energy consumption in the country.
That gas reserve for contingencies was the one that began to be burned yesterday, to be injected into the country’s networks by instruction from Enarsa itself, as a result of the fact that the amount of gas that they were contractually required to send from Bolivia was reduced by half.
According to the latest addendum to the gas import contract, from Yacimientos Petroliferos Fiscales Bolivianos (YPFB) a minimum of 4 million must be sent at this time of year of cubic meters of gas per day, which are necessary to cover the consumption of the seven provinces of Northwestern Argentina.
But since Wednesday, YPFB shipments plummeted to just 2 million of cubic meters, half of the minimum following the Bolivian state firm increased shipments to Brazil to attend to your requests in the face of the heat wave.
Brazil It usually imports 16 million cubic meters of gas per day from Bolivia, but on Wednesday those shipments had risen to 17 million and yesterday they reached 18 million cubic meters. That is From YPFB, 2 million cubic meters of gas were stopped being sent to Argentina and that same volume was redirected to Brazil.
Argentina’s alternative was then to appeal to its LNG reserve, in a maneuver that literally involves burning part of the supply for the summer heat waves, given that the cargo which was saved for this purpose It has less than 57 million cubic meters, and between yesterday, today and tomorrow it is expected to use 9 million of cubic meters.
A higher cost for Argentina
But Furthermore, this is an expensive replacement for Argentina given that while I should have paid $7.50 per million BTU for the gas that it did not receive from Bolivia, ended yesterday burning the LNG that was paid at $13.54.
And in an international controversy, the triangulation of offices allowed Brazil receive more gas from Bolivia, which they have agreed by contract to They pay at a rate of only 6 dollars per million BTU.
The Enargas weekly programming shows that Until tomorrow, Saturday, gas deliveries from Bolivia to Argentina will continue at half of what the contract establishes. and that in those days 3 million cubic meters of regasified gas will be injected from the Escobar ship And expensive.
Official government sources acknowledged that the cargo left in Escobar is to attend to contingencies, like this one. And they added that although the projection of an LNG injection of 3 million cubic meters is correct for today, the contingency is closely monitored and might change.
Beyond this international situation, there are several actors in the industry who are closely following what will happen next. mid-December, just following the change of governmentGiven the The entry of a heat wave is expected to affect the Buenos Aires area.
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