LNG

Argentina’s FSRUs: one down, one to go

The departure of Excelerate’s Exemplar FSRU from Argentina is a setback for Latin America’s LNG import prospects, but a victory for the government’s energy policy The departure of Excelerate’s Exemplar FSRU from Argentina is a setback for Latin America’s LNG import prospects, but a victory for the government’s energy policy.
By Abhishek Kumar 9 November 2018 0 33250
An Excelerate FSRU at Argentina's Escobar terminal An Excelerate FSRU at Argentina's Escobar terminal. (Argentine energy ministry)

Directional impact on forecast:
Downbeat for Argentina’s LNG imports

Argentina has disposed of the Excelerate Exemplar FSRU, which was moored at the port of Bahia Blanca and was the first FSRU installed in Latin America. Rising gas production from the Austral and Neuquén basins, the latter of which contains the Vaca Muerta shale play, made the vessel redundant. Meanwhile, the government’s ambition to stop importing LNG by 2023 means the days are numbered for the Excelerate Expedient FSRU – located on the Paraná River...