Argentina's June natgas imports up 64% on year; usage down 0.8%.

palmerpalmer52

29 day(s) ago in category Miscellaneous

irobhmtpmpa.com

Argentina's gas imports surged to 39.4 million cubic meters/d in June, up some 64% from 24.1 million cu m/d in exact same month a year earlier, the Power Secretariat stated Tuesday.

Imports likewise were up 8.8% compared to 36.2 million cu m/d in May, according to a monthly data record.

Argentina, which relies upon gas for 50% of its power requires, imports gas by pipeline from Bolivia as well as in its liquefied kind from international vendors.

Bolivian gas imports increased to 20.6 million cu m/d in June compared with 9.8 million cu m/d in June 2011 and 16.7 million cu m/d this previous May.

LNG imports boosted to the comparable in send-out ability of 18.8 million cu m/d in June from 14.3 million cu m/d in the year-earlier duration as well as were below 19.4 million cu m/d in Might, the record revealed.

Argentina is enhancing gas imports as a result of an inequality between power demand and domestic gas production. At 120 million cu m/d this year, gas production is down 16% from a 2004 top of 143.1 million cu m/d, according to industry data.

The government has actually placed a concern on importing gas to fulfill power requirements, due to its lower rate compared to diesel and also fuel oil, according to officials.

Yet bhmt chemical , once focused on tipping up LNG imports, shifted over the past few months to put a preference on Bolivian gas, which is less expensive at around $10/MMBtu compared to the $16/MMBtu the nation has actually been paying for LNG. Argentina this month signed a handle Bolivia to boost imports 20% to 16.3 million cubic meters/d in the 2nd fifty percent of this year from 13.6 million cu m/d in the first half, and after that ramp them up an additional 18% to 19.2 million cu m/d in 2013 with the aim of reaching 27.7 million cu m/d in 2017.

Argentina exported 245,175 cu m/d of gas in June, below 305,413 cu m/d in the year-earlier duration and up from 188,852 cu m/d in Might. Argentina still exports gas products regardless of a production decrease due to an absence of residential pipe capability to provide gas within the country. JUNE GAS CONSUMPTION DOWN 0.8% ON YEAR.

The country consumes an average of 125 million cu m/d of gas, with need rising in the colder months of May to September.

Gas intake in June was 3.872 billion cubic meters/month, down 0.8% from 3.903 billion cu m/month in the year-earlier duration, the federal government's data agency Indec said Tuesday.

That corresponds to usage of regarding 129.1 million cu m/d in June, compared to 130.1 million cu m/d in the year-earlier period.

June intake was up 0.5% compared to May, Indec claimed.

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