Page 12 - LatAmOil Week 16 2021

LatAmOil BRAZIL LatAmOil

Hygo also has stakes in several other Brazil- Wes Edens, the chairman and CEO of NFE,
ian gas and power facilities. It is building two said earlier this year that the acquisitions would
other FSRU terminals at other sites in the South benefit his company. “With a strong presence
American country that will support gas-burn- in Brazil and a world-class LNG shipping busi-
ing TPPs with a generating capacity of about ness, Hygo and GMLP are excellent additions
1,200 MW. Additionally, it has two operating to our efforts to accelerate the world’s energy
LNG carriers. transition,” he was quoted as saying in a separate
Meanwhile, the deal for GMLP gives NFE company statement. “The addition of Hygo will
control of Golar LNG. This acquisition prom- quickly expand our footprint in South America
ises to expand the former company’s fleet and with three gas-to-power projects in Brazil’s large
asset portfolio, as the latter owns four LNG and fast-growing market. With GMLP, we gain
carriers and six FSRUs, as well as a 50% stake LNG ships and world-class operators that are an
in Trains 1 and 2 of the Hilli Episeyo, a floating ideal fit to support our existing terminals and
LNG (FLNG) unit. robust pipeline.” ™

ARGENTINA
Energy secretary outlines Argentina’s

plans to secure gas supplies for winter

ARGENTINA’S Energy Secretary Dario Mar- per day in long-term gas supplies, equivalent to
tinez stated last week that the administration of about half of Argentina’s average consumption
President Alberto Fernandez was working with levels, he added.
upstream operators to ensure that the country Even so, the system has only been in place
had adequate supplies of natural gas for the since December, and companies have not had
coming heating season. enough time to extract and store extra gas ahead
Martinez acknowledged ongoing concerns of the winter, he explained.
about the possibility of shortages, saying during He also noted that upstream operations at
an online interview with the Oil Club, a Buenos fields in the Vaca Muerta shale formation had
Aires-based trade association: “This is not going slowed as a result of labour unrest in Neuquen
to be an easy year.” Province, where healthcare workers demanding
He also stressed, though, that gas producers higher pay began blocking the roads that lead to
were racing “against the clock” to raise output the oil and gas fields on April 7. The government
levels at domestic fields. is keen to resolve the matter, as Vaca Muerta sites
Developers have responded positively to account for more than half of the country’s gas
the government’s creation of new incentives for output, and Martinez said that the Fernandez
raising production, such as the establishment administration was willing to hear the protest-
of a system of auctions for 70mn cubic metres ers out.

The Escobar FSRU is Argentina’s only operating LNG import terminal (Photo: Excelerate Energy)

P12 www. NEWSBASE .com Week 16 22•April•2021