Pan American Energy (PAE) oil company announced this Friday that It will bring a second natural gas liquefaction in 2028. It will be with the Southern Energy consortium, in which It has as partners a YPF, Pampa Energía, the British Harbor Energy and the Norway Gollar lng.
With this second ship, the oil companies operate in the country complete The first stage of the Argentine project LNGwhich will have a natural gas liquefaction capacity of almost 6 million tons per year (MTPA)which are equivalent to about 28 million cubic meters per gas day (mmm3/d). TO Comparison mode, local gas production averages 140 million m3 daily.
The ship will have a capacity to liquefy the gas (cool it at 161 degrees below zero to transform its condition to liquid, compress its volume 600 times and allow transport to large maritime distances) of 3.5 MTPA.
The ship will enable Argentina to export gas in firm conditions 365 days a year. To achieve this, the construction of a gas pipeline fully dedicated to the project will be needed.
The first ship that will come to Argentina will be the Hilli Episeyo (2.45 MTPA) and will reach at the end of 2027, But it will only take the idle installed capacity of the San Martín gas pipeline in summer months (October-April).
For the first ship, which will demand investments for about US $ 2.9 billion during the first 10 years, The Government will approve the entry of the project to the incentive regime to large investments (RIGI), which grants legal security for 30 years and tax benefits and free access to dollars.
The Installation of the second ship, the MKII, will be in the Gulf San Matías, Río Negro. The company provides that the two floating terminals of liquefaction can operate all year for which the construction of a gas pipeline between Vaca Muerta and the Gulf San Matías will be required.
The “MKII” ship, owned by Golar Lng, He is currently under construction in a shipyard in China And it is estimated that it will arrive in our country in 2028, providing the start of the commercial operation towards the end of that year.
From the signed agreement, the Southern Energy partners will have the following shareholding: PAE (30%), YPF (25%), Pampa Energía (20%), Harbor Energy (15%) and Glace LNG (10%).
Likewise, Southern Energy reports that he advanced with the final investment decision (FID, according to the English) related to the installation of the “Hilli Episeyo”, which confirms a investment close to US $ 7,000 million throughout the age of 20 Operation throughout the value chain and that will also allow further additional development investments in Vaca Muerta.
The project, which submitted its application for accession to the incentive regime for large investments (Rigi), already has the free export authorization certificate of liquefied natural gas for a period of 30 years, – granted by the Ministry of Energy of the Nation -, as well as the Environmental Impact Study by the Province of Río Negro.
The installation of the two liquefaction ships in Río Negro will favor the creation of employmentOr, the Development of local suppliersthe Introduction of new productive processes y technological and generate exports of products that are currently not exported in international markets, accessing new export destinations.
