The Argentine government sealed an agreement with Brazil and Bolivia to triangulate gas and ensure supply in the winter. The triangulation of natural gas shipments will ensure supply in the Argentine Northwest (NOA) during this winter.
The Memorandum of Understanding -MOU- was signed between the public companies Energía Argentina (Enarsa) and Petrobras.
Thus, the country will solve the gas supply in Córdoba, La Rioja, Catamarca, Santiago del Estero, Tucumán, Salta and Jujuy, the provinces that currently consume fuel imports from Bolivia, which are currently declining.
In this way, Argentina will take part of the gas that Brazil has contracted with Bolivia, while the country governed by Lula Da Silva will use more hydroelectric energy – cheaper – and liquefied gas.
Northern Gas Pipeline
The north of the country will be benefited from mid-2025 with the reversal of the Northern Gas Pipeline, a public work that was delayed in the political transition but was the only one that Javier Milei enabled.
It was after a request from Paolo Rocca, the owner of Techint, which benefits in construction, pipe manufacturing, production in Vaca Muerta, transportation and gas distribution.
In turn, the agreement between Enarsa and Petrobras “will enable the exchange of information, identification and feasibility study of the different alternatives, actions and medium and long-term mechanisms for energy cooperation and complementarity between Petrobras and Enarsa,” the company reported. Argentine state, which is in charge of both gas imports from Bolivia and Liquefied Natural Gas (LNG).
This week Enarsa awarded a new tender for liquefied gas imports. There were 10 shipments, which will be provided by BP (9) and Glencore (1), at an average price of $9.97 per million BTU and with an expense of just over $205 million. A few weeks ago, the previous “tender” had shown an average price of US$ 9.99 and an expense of US$ 209
