South American swap for LNG could be proposed


Chile is considering exporting LNG to Argentina in mid 2009, when a government-backed LNG regasification plant is scheduled to be on-stream as part of efforts to diversify the country’s energy sources.

Following moves by Argentina to begin cutting back its natural gas exports, a consortium led by BG Group PLC and state oil company Enap is building an LNG regasification plant in the central Chilean port of Quintero.

Enrique Davila, Enap chief executive, said at a conference on energy, “The Quintero plant will have a maximum capacity of 18 million cubic metres a day, which gives us the possibility of exporting LNG in 2009 or 2010, to Argentina.”

The construction of the plant in Chile could also provide a sense of leverage for the country and ensure that both the South American countries have their energy requirements catered for in the short term.

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