After a request from Mondino to the Lula government, they begin to unload the Petrobras LNG vessel

After a request from Mondino to the Lula government, they begin to unload the Petrobras LNG vessel
After a request from Mondino to the Lula government, they begin to unload the Petrobras LNG vessel

After an effort by Diana Mondino with her counterpart from Brazil, the national government announced that Petrobras accepted the payment operation for the LNG vessel and unloading begins at the Escobar regasification terminal. After the cutoff to industries and CNG stations, the normalization of supply will take several hours.

“Today at 9:10 a.m. the confirmation of the letter of credit issued by the BNA was received from the bank designated by Petrobras,” announced the state-owned Energía Argentina. “Immediately, the process of unloading the ship begins, which was already attached to the Escobar regasification vessel, connected since 4 p.m. on Tuesday, May 28,” the company added.

The government estimates that the normalization of supply will take several hours and that gas will progressively be returned to industries and CNG stations, especially those in Córdoba, Santa Fe and the north of the country that had their service cut off last night.

Tension with Lula: Petrobras did not want to unload the LNG ship and the CNG stations and the industry are left without gas

The company that depends on the Ministry of Energy hinted that the rejection of payment for the Petrobras ship had a political component. As LPO announced, the market suspected retaliation from the Brazilian government.

“The situation occurred due to the supplier’s disagreement with the letter of credit issued last Friday the 24th, despite the fact that it was issued in the terms required by the supplier, highlighting that the bank had received the same one for a similar shipment in the last few weeks,” said Energía Argentina.

In Brazilian diplomacy they are making an effort to remove Lula from the issue and assure that it is a solely commercial issue. But they admit that the issue was unblocked after a call from Foreign Minister Diana Mondino to her Brazilian counterpart.

In Brazilian diplomacy they are making an effort to remove Lula from the issue and assure that it is a solely commercial issue. But sources from the Itamaraty Palace admitted to LPO that the issue was unblocked after a call from Foreign Minister Diana Mondino to her Brazilian counterpart, which marks a strong contradiction.

The crisis due to the lack of gas exploded last night when CNG cuts were announced and to industries in the central and northern areas of the country, even those that have firm contracts (that is, they pay more so that their supply is not cut off).

The situation was first felt in Córdoba and Santa Fe, but this morning it spread to the NOA provinces. In Salta, Jujuy, Catamarca and Tucumán the CNG service was cut off and they estimate that it could only be recovered on Thursday.

In CABA, Buenos Aires, Cuyo and the NEA, specific and missing cuts were recorded at service stations, but the Chamber of Gas Suppliers warned that during the day it will be cut throughout the country and only on Friday or Saturday could it be normalized if is that certain conditions are met.

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