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Montevideo, February 21st 2019 - 01:49 UTC
Argentina's state energy company Enarsa has launched an international tender for the delivery of a more-than-expected 90 cargoes of LNG in 2012 to meet rising energy demand, a source said Tuesday. Read full article
Make sure that you get paid in dollars. The worthless Argentine peso will be devalued soon and will become even more worthless.
In a few years time that Johson gas prospect in the NFB could be online to contribute. With advantageous tax and royalty arrangments and on the doorstep it would certainly be a great deal for Argentina and help bring down their wholesale costs.
. . .meanwhile, these imports have got to be exactly financially balanced with exports managed by the LNG importing company.
('Multinational gas company offers beans for sale / gas company offers offshore islands for sale; part of Argentina's national GDP-balancing program' ;-)
Expect to see the tendering companies reducing their tender bids to take account of this additional burden.
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