Bahia Blanca LNG Terminal

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Bahia Blanca LNG Terminal is a liquefied natural gas (LNG) terminal in Argentina.[1] The terminal can handle both imports and exports of LNG.

Location

The terminal is located at Bahía Blanca, Buenos Aires, Argentina.

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Background

Excelerate Energy's FSRU docked in Bahia Blanca, Source: Excelerate Energy

Bahia Blanca LNG Terminal is a floating storage and regasification unit (FSRU) in Bahía Blanca (Buenos Aires province), Argentina.[2] At the time of its commissioning in 2008, it was South America's first liquefied natural gas (LNG) terminal and the world's second dockside regasification facility.[1][3] The floating terminal includes a jetty-mounted natural gas offloading arm that connects to a regasification vessel.[4]

Import Terminal: Project Details

  • Parent: Excelerate Energy, YPF, Leasa[5]
  • Location: Bahía Blanca, Buenos Aires province, Argentina
  • Coordinates: -38.787534614264956, -62.28955444921712 (exact)
  • Capacity: 3.8 mtpa, 0.55 bcfd
  • Status: Operating[6]
  • Type: Import
  • Start Year: 2008

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Various vessels owned by Excelerate Energy have docked at the terminal. In 2011, the 138,000 m3 Excellence FSRU was replaced with the same-sized Excelsior FSRU.[7] As of early 2017, the Exemplar was based at the Bahia Blanca port, offering a storage capacity of 150,900 m3.[8]

In April 2021, Excelerate Energy won a tender to reactivate the Bahia Blanca regasification terminal which had lain idle since 2018 with Argentina at the time focusing on its Vaca Muerta shale formation as a future source of gas domestically and for international exports. By 2021, the Vaca Muerta play had not lived up to expectations.[5] In early June 2021, Excelerate announced that its Exemplar FSRU, with storage capacity of 150,900 m3, had recommenced operations at Bahia Blanca and will deliver LNG for the 2021 winter season in Argentina.[6] It operates in a closed loop vaporization mode and is directly connected to Argentina's energy grid.[9]

Argentina aims to produce enough natural gas to be self sufficient and to be an exporter, but with lulls in production the FSRU continues to be deemed a necessary supplement- especially during the winter - for Argentine energy needs.[10] The Excelerate contract is active for May-August 2021.[5]

Export Terminal: Project Details

  • Owner: Exmar[11]
  • Location: Port of Bahía Blanca, Argentina
  • Coordinates: -38.785984, -62.316024 (approximate)
  • Capacity: 0.45 mtpa
  • Status: Mothballed[12]
  • Type: Export
  • Start Year: 2019[13]
  • Mothballed: 2020[12]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

In September 2018, Texas-based LNG company Excelerate Energy and Argentina’s Transportadora de Gas del Sur signed a memorandum of understanding to jointly study the technical and commercial viability of an LNG project at the port of Bahía Blanca for liquefying and exporting natural gas during the summer season. The companies expected to complete the study by the end of 2018.[14]

In November 2018, Argentina’s energy firm YPF and Belgian energy shipping company Exmar signed a ten-year agreement calling for Exmar to deploy a floating LNG unit (FLNG) to the Port of Bahía Blanca in the second quarter of 2019, with an initial plan to export 500,000 tons of LNG per year to overseas markets. The FLNG unit, known as Tango FLNG, would export LNG from Vaca Muerta, one of the few shale gas plays in production outside the United States.[14]

The vessel arrived in Argentina in February 2019.[15] Operations at the Tango FLNG Terminal began in June of 2019. According to the U.S. Information Agency, the Tango facility is capable of generating up to eight LNG export cargoes per year.[16][17]

In May 2020, the tolling agreement between Belgian company Exmar and Argentinian oil and gas company YPF SA was terminated, and the Tango FLNG left the Port of Bahía Blanca.[18] A settlement was reached in October 2020 in which YPF paid $150 million to Exmar for failing to meet the terms of the charter agreement.[19]

Articles and resources

References

  1. 1.0 1.1 Bahía Blanca GasPort, Excelerate Energy, accessed June 2021
  2. Bahia Blanca LNG Terminal, GEO, accessed April 2017
  3. Argentina: Bahia Blanca to Get LNG Cargo, LNG World News, 6 Sep. 2013
  4. Bahia Blanca LNG Terminal, A Barrel Full, 19 Feb. 2015
  5. 5.0 5.1 5.2 Daniel Politi, Excelerate wins tender for FSRU lease in Argentina, Argus Media, Apr. 6, 2021
  6. 6.0 6.1 Sarah Smith, Excelerate Energy FSRU begins operations in Bahia Blanca, LNG Industry, Jun. 2, 2021
  7. FSRU at Bahia Blanca terminal changed from Excellence to Excelsior, RIM Intellegence, 9 Sep. 2011
  8. "Wanted in Argentina: one very large FSRU". Riviera. January 24, 2017.
  9. "Excelerate Energy – Bahía Blanca GasPort". Excelerate Energy. Retrieved 2021-06-22.
  10. Carnicer, Roberto (May 2021). "Will Argentina Become a Relevant Gas Exporter?" (PDF). Oxford Energy.
  11. LNG export and import projects - 4Q 2020, Bloomberg Finance, January 21, 2021
  12. 12.0 12.1 "GIIGNL 2021 Annual Report”, page 38, GIIGNL, accessed May 4, 2021.
  13. Exmar completes commissioning of Tango FLNG LNG World News, June 10, 2019
  14. 14.0 14.1 Tsvetana Paraskova,Argentina To Start First-Ever LNG Exports In 2019 Oil Price, November 21, 2018
  15. "Video: Exmar's Tango FLNG arriving in Argentina - Offshore Energy". Offshore Energy. 2019-02-20. Retrieved 2021-06-22.
  16. Exmar completes commissioning of Tango FLNG LNG World News, June 10, 2019
  17. "Argentina's Vaca Muerta, LNG Ambitions Face Uncertainty as New Government Settles In - Natural Gas Intelligence". Natural Gas Intelligence. February 28, 2020. Retrieved 2021-04-19.
  18. "GIIGNL 2021 Annual Report”, page 38, GIIGNL, accessed May 4, 2021.
  19. "Exmar, YPF Terminate Floating LNG Sendout Deal in Argentina - Natural Gas Intelligence". Natural Gas Intelligence. 2020-10-21. Retrieved 2021-06-22.

Related GEM.wiki articles

External resources

External articles