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 cargo today from Trinidad & Tobago, according to ship-tracking data.

The SCF Arctic, with a capacity of about 72,000 cubic meters, will arrive at the port of Recalada near Buenos Aires, according to ship transmissions captured by IHS Fairplay on Bloomberg. The vessel stopped at Atlantic LNG Co.’s Point Fortin terminal on May 29 to load the supercooled gas, the data show.

Argentina imports LNG through YPF SA, the country’s largest energy company, and state-run Energia Argentina SA, known as Enarsa. YPF closed a tender on May 6 to buy seven LNG cargoes for delivery to Bahia Blanca. Enarsa and YPF have issued seven spot 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 LNG origination director, said in Singapore on May 9.

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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