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Argentina to Receive LNG Spot Cargo From Trinidad at Recalada

Argentina, which has no long-term contracts to import liquefied natural gas, is scheduled to receive a spot cargo of the fuel from Trinidad & Tobago today, according to ship-tracking data.

The SCF Polar, with a capacity of about 71,500 cubic meters, will arrive at the port of Recalada near Buenos Aires, according to ship transmissions captured by IHS Fairplay on Bloomberg. The vessel sailed from Atlantic LNG Co.’s Point Fortin terminal, where it loaded the supercooled natural gas and departed May 5, the data show.

Argentina imports LNG through YPF SA, the country’s largest energy company, and state-run Energia Argentina SA, known as Enarsa. Nobody answered two calls to YPF’s main switchboard in Buenos Aires outside normal business hours, and Enarsa officials didn’t respond to e-mails seeking comment.

Two calls to Atlantic LNG’s main switchboard in Port of Spain weren’t answered outside normal working hours.

YPF last week closed a tender to buy seven LNG cargoes for delivery to Bahia Blanca. Enarsa and YPF have issued seven spot purchase tenders seeking as many as 150 shipments since December.

Latin America’s LNG import capacity will increase to 49.2 million metric tons a year in 2020 from a projected 30 million this year, Anton Safronov, Total SA’s (FP) LNG origination director, said May 9 in Singapore.

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

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