Excelerate Energy's LNG Plant in Argentina Could Be Completed by 2025
(Reuters) — Excelerate Energy, a U.S. company that provides storage and regasification services for LNG globally, could complete its planned gas liquefaction plant in Argentina by 2025, according to an executive.
The project, which would be Excelerate's first liquefaction plant, is planned in conjunction with Transportadora de Gas del Sur (TGS). It aims to take advantage of the resources of the vast Vaca Muerta shale formation, the world's second largest shale gas reserve.
"We believe that Argentina has high potential," Gabriela Aguilar, Excelerate's Argentine general manager and vice-president for Latin America, said during a visit to the Expedient regasification ship in Escobar, 55 km (34 miles) from Buenos Aires.
"We think of it not as a pure liquefaction project, but as a project that benefits producers, so that they can have stable gas sales throughout the year," said Aguilar.
The plant was originally planned with a capacity of 4 million cubic meters per day, but it is now being evaluated to start with a capacity of between 6 million and 8 million cubic meters per day, said Aguilar.
Delays in obtaining equipment could mean plant construction will take 30 months from the time an investment decision is made, said Aguilar.
Marcelo Mindlin, president of Pampa Energia, co-controller of Transportadora de Gas del Sur, said earlier this month that a final decision is expected to be made by the first quarter of 2023.
In a few years, the development of Vaca Muerta, an area the size of Belgium located in the Patagonian province of Neuquen, could help the country reverse a $5 billion energy deficit and become a net energy exporter, private estimates have shown.
Related News
Related News
![](/media/2035/pgj-enews-graphic-300x1404.jpg)
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
Comments