(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing that Jim Frias, CFO, Treasurer and EVP, plans to retire effective 11 Jun. 2022; and more.
LATIN AMERICA AND THE CARIBBEAN
Argentina
— Despite the fact that the international price of LNG has followed a slight downward trend in recent wks after reaching a winter peak, the Argentine gov’t estimates that in order to face the needs of the coming winter that it will have to allocate $3.5bn to import LNG, a little more than triple what was allocated last yr, Río Negro reported on 23 Feb. 2022. Argentina could import 65 LNG cargoes in 2022 between Escobar and Bahía Blanca, up from a total of 56 LNG cargoes in 2021, according to the online newspaper.
Ecuador
— Ecuador’s state oil co. EP PetroEcuador uses the OCP Terminal in Punta Gorda to receive ships such as SUEZMAX, w/ a capacity of up to 1.08 MMbbls, and VLCC (Very Large Crude Carrier) w/ a capacity of up to 2.16 MMbbls, the co. said 23 Feb. 2022 over social media.
Trinidad and Tobago
— Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuela’s offshore gas as Energy Analytics Institute (EAI) is still skeptical of deep water bid rounds attracting the necessary investors to boost Trinidad’s gas reserves and production.
RELATED STORY: Trinidad PM Addresses GECF in Qatar, Talks of Lost LNG Export Revenues
NORTH AMERICA
US
— Nucor Corporation (NYSE: NUE) revealed that Jim Frias, CFO, Treasurer and EVP, plans to retire effective 11 Jun. 2022, and will transition out of the role as of 6 Mar. 2022. Steve Laxton, VP of Business Development and Strategic Planning, has been named his successor, the co. announced 23 Feb. 2022 in an official stmt.
— Seadrill Limited (OSE:SDRL, OTCPK:SDRLF) provided financial results for the 6-mth period ended 31 Dec. 2021.
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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
