First Egypt, going from exporter to importer to exporter. Now maybe Argentina from importer to exporter (I am not holding my breath). The world of LNG sure is not boring.
Excelerate Energy L.P. (“Excelerate”) and Transportadora de Gas del Sur S.A. (“TGS”) today announced the execution of a Memorandum of Understanding (“MOU”) to jointly collaborate on the assessment of a liquefaction project (the “Project”) in the city of Bahía Blanca, Argentina. Argentinacurrently imports liquefied natural gas (LNG) through two floating import terminals, particularly during the country’s peak winter consumption. The successful development of Argentina’s shale gas reserves resulted in a potential excess of natural gas during the summer months.