Vaca Muerta (YPF) LNG Terminal

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Vaca Muerta (YPF) LNG Terminal is a proposed LNG export terminal in Bahía Blanca, Argentina.

Location

The proposed terminal would be located in the port zone of Bahía Blanca, Buenos Aires province, Argentina.

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Project details

  • Owner: YPF[1][2]
  • Parent company: YPF
  • Location: Bahía Blanca, Argentina[2]
  • Coordinates: -38.777373, -62.304451 (approximate)
  • Capacity: 15 to 20 million cubic meters per day[2]
  • Cost: 10 billion USD[3]
  • Status: Proposed
  • Type: Export
  • Start year: 2024[4]

Background

In July 2019 YPF awarded a front-end engineering design (Pre-FEED) contract to McDermott International for the construction of a 5-mtpa LNG Terminal for exporting natural gas from Vaca Muerta.[1] The viability of the terminal was to be dependent on construction of the proposed Vaca Muerta pipeline system, which was scuttled by Argentina's new government in 2020. The exact location of the YPF terminal has not been specified.[5]

As of May 2022, the Argentine government was again reportedly contemplating construction of a land-based LNG liquefaction and export terminal in Bahía Blanca, with a capacity of 15 to 20 million cubic meters per day, to be supplied with gas from Vaca Muerta via the proposed Nestor Kirchner Gas Pipeline. In response to rising natural gas prices and diminishing global supplies provoked by the Russian-Ukraine conflict, Argentina's Economy Minister Martín Guzmán reportedly discussed the new terminal, estimated to require an investment of US $10 billion, at the International Energy Agency's March 2022 meeting in Paris and at the IMF and World Bank's April 2022 gathering in Washington, DC.[2]

In September 2022, Petronas and YPF signed a memorandum of understanding (MOU) to jointly develop the terminal.[6]

Articles and resources

References

  1. 1.0 1.1 YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina, World Oil, Jul. 19, 2019
  2. 2.0 2.1 2.2 2.3 "El puerto de Bahía Blanca vuelve a escena para la exportación de GNL". ArgenPorts. May 7, 2022.
  3. "YPF seeks location for its LNG Terminal". Energy News. June 2, 2022. Retrieved July 25, 2022.
  4. LNG export and import projects - 4Q 2020, Bloomberg Finance, January 21, 2021
  5. Christopher Lenton, Argentina’s Vaca Muerta, LNG Ambitions Face Uncertainty as New Government Settles In, Natural Gas Intelligence, Feb. 28, 2020
  6. "Petronas, YPF to develop Argentina LNG project". Oil & Gas Journal. Retrieved 2022-09-05.

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External resources

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