Repsol, BG Terminals in Argentina, Chile to Receive LNG Cargoes

Repsol YPF SA’s Bahia Blanca site and BG Group Plc’s Quintero Bay facility in Latin America may receive at least three liquefied natural gas carriers from the Atlantic Ocean area this month, according to ship-tracking data.

Iberica Knutsen, a 135,230 cubic-meter tanker, is due to dock at Bahia Blanca in Argentina on May 25, according to AISLive on Bloomberg. Sestao Knutsen, a 135,357 cubic-meter tanker, reached the Argentinian terminal on May 10. Both vessels sailed from Point Fortin, Trinidad & Tobago. BG Group Plc’s Methane Jane Elizabeth, a 145,000 cubic-meter vessel, may reach Quintero terminal on May 23, carrying supplies from Trinidad.

A ship carrying 135,344 cubic meters (4.78 million cubic feet) of gas provides sufficient fuel to heat about 12 million homes for a day, according to data from the Washington-based American Gas Association.

Latin American nations led by Argentina and Chile may be importing supplies to prepare for winter even as the U.S. and Asia reduce their appetite for spot shipments, Tony Regan, a consultant at Singapore-based Trizen International Ltd., said today. “Latin American demand is starting to get significant though they are still not a big player.”

Bahia Blanca, 400 miles (645 kilometers) south of Buenos Aires, can deliver 400 million cubic feet of gas per day into pipelines and process three LNG cargoes per month of 3 billion cubic feet each.

LNG is natural gas chilled to minus 162 degrees Celsius (minus 260 degrees Fahrenheit), putting it in a liquid state for shipping by tanker. The following table lists by country of destination all the LNG tankers that have transmitted a time of arrival within the next three months, including today.

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