Argentina: Bahia Blanca LNG terminal would source Venezuelan gas

The proposed construction of a liquefied natural gas (LNG) regasification terminal in Argentina would allow the country to import natural gas sourced from Venezuela, reported the Argentine newspaper La Nacion.

The original plan for the Bahia Blanca terminal was revealed by Argentina's ex-President Nestor Kirchner in September 2007 and called for an investment of nearly $442 million.

The terminal would have a capacity to process 10 million cubic meters per day (MMcm/d), informed Argentine officials and would take about 12 to 18 months to complete and would allow Argentina to increase its supply of natural gas by 8 percent, according to the newspaper.

Although the terminal project may move forward, LatinPetroleum does not believe that Venezuela will finish the construction of its LNG gasification terminal in Güiria, Venezuela during this 12 to 18 month timeframe. As such, it believes it is highly unlikely that the terminal will source Venezuela natural gas, at least not over the short-term.