Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Chile's LNG imports soar in December, exports to Argentina resume

LNG | Natural Gas | Natural Gas (North American)

LNG developers jockey for relevance at Gastech

LNG | Natural Gas | NGL

Platts LNG Alert

Commodities | LNG | Natural Gas | Marine Fuels | Tankers | Banking

18th Annual LNG Conference

Metals

Turkish steel exports to EU to reach quota levels soon, sending shivers into Asian markets

Chile's LNG imports soar in December, exports to Argentina resume

Santiago, Chile — Chilean imports of LNG jumped to 263,000 mt in December, a threefold increase from the same month of 2015, government figures showed Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The figure also marked an increase from 171,000 mt imported in November.

As a result, fourth-quarter imports rose 80.6% to 716,000 mt while annual imports rose 31.8% to 4.165 million mt.

Imports have risen as generation from natural gas expanded to offset limited supplies of hydroelectricity.



Trinidad and Tobago remained Chile's principle gas supplier, shipping 206,000 mt in December. But Chile also received 57,000 mt from the US during December, its first US imports since September.

Chile has become an important market for Cheniere Energy's Sabine Pass liquefaction facility since it began exporting LNG last year. Thanks to the free trade agreement between the two countries, it enters Chile without a 6% import tariff.

Figures also showed that Chile resumed exports of natural gas to neighboring Argentina, pumping 70,000 mt during December, for the first time since August.

Chile began pumping gas over the Andes in May under an agreement between state energy firm ENAP and its Argentinian counterpart ENARSA. The gas, which Chile imports as LNG, reduces Argentina's reliance on other more expensive fossil fuels.

The two companies are negotiating repeating exports during this year's Southern Hemisphere winter.

The country has two regasification terminals -- Quintero in central Chile, which is controlled by Spain's Enagas, and Mejillones in the north, operated by Engie.

--Tom Azzopardi, newsdesk@spglobal.com
--Edited by Jason Lindquist, jason.lindquist@spglobal.com