Argentina Receives Spot LNG Cargo From Belgium at Bahia Blanca

Argentina will receive a spot cargo of liquefied natural gas from Belgium today, according to ship- tracking data.

The Galicia Spirit, with a capacity of 137,814 cubic meters, is scheduled to arrive at the port of Bahia Blanca southwest of the capital of Buenos Aires, according to ship transmissions captured by IHS Fairplay on Bloomberg. The tanker sailed from Zeebrugge, Belgium’s only LNG terminal, where it loaded the supercooled natural gas and departed March 1.

Officials from Energia Argentina SA, the state-run energy company, didn’t immediately respond to an e-mail seeking comment outside normal hours.

YPF SA (YPFD), Repsol SA (REP) and Repsol Gas Natural LNG have leased Excelerate Energy’s LNG vessel, the Excelsior, and docked it at Bahia Blanca to receive LNG, according to Excelerate’s website. The floating regasification facility began operating in June 2008.

Argentina has no long-term LNG-supply contracts. Enarsa and YPF SA have issued four spot purchase tenders seeking as many as 93 cargoes from December last year.

Belgium doesn’t produce any LNG. The Zeebrugge terminal is used by traders to store and export cargoes.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.