Insight
Did Argentina’s Gas Scheme 2020-2024 meet its objectives?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Argentina’s Secretary of Energy disclosed the results of the Gas Scheme 2020-2024 tender at the end of last year. From the 70 Mcmd volumes offered for the next four years, 67.42 Mcmd were awarded. 94% of the volumes offered at nominal prices above US$3.4/mmbtu. The Gas Scheme tender was a success in the sense that production will stop declining, pausing Argentina’s rising diesel and LNG imports. But as demand recovers in 2022, new gas tenders will be required to secure new gas supply capacity to avoid further increases in imports. In this report, we analyse the Gas Scheme results, focusing on: • Gas supply availability for the next three years • Remaining requirements for Bolivian gas and LNG imports • Why producers didn’t meet the full volumes offered • The need for future gas tenders
Table of contents
- What does it mean in terms of gas supply?
- How much Bolivian gas and LNG imports are required for the balance?
- How much gas will be available for exports to Chile and other countries?
- What are the commercialisation options for uncontracted volumes in the domestic market?
- Why didn’t the producers meet the full volumes offered?
- Housekeeping
- New tenders
- Gas pipelines expansion and fostering exports
Tables and charts
This report includes the following images and tables:
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Gap between average Q3 2020 net gas production capacity in Neuquen and Gas Scheme commitments of companies that submitted offersGap between average Q3 2020 net gas production capacity in South and Gas Scheme commitments of companies that submitted offersNet gas production forecast under minimum secured investment scenario vs WoodMac forecast production capacity
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WoodMac forecast gas imports vs gas imports estimated under minimum secured investment scenarioWoodMac forecast gas exports vs gas exports forecast under minimum secured investment scenarioNew gas tenders required to supply future demand
What's included
This report contains:
