After 6 Years Without Exporting Gas to the Brazilian Market, Argentina Returns
Argentina has already exported its first shipment of liquefied natural gas (LNG) and could have a surplus of 20 million cubic meters per day (m3/day) at certain times of the year [for export]. The easiest destination is to come to Brazil.
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Brazil-Argentina Relations
The Argentine government stated on Sunday (14) that it has resumed activities to export natural gas to the Brazilian market.
Greater integration between Brazil and Argentina in the natural gas market may be viable in the medium term, allowing the neighboring country to export the input to Brazil, particularly in the summer when Argentine gas consumption decreases but energy demand in Brazil increases.
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Petrobras approved the final investment decision for SEAP I (Sergipe Deep Waters), opening a new production frontier in the Northeast: Total investment for the two modules (SEAP I + SEAP II) exceeds R$ 60 billion, with an estimated production of more than 1 billion barrels of oil equivalent.
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Oil continues to fall as negotiations advance between the United States and Iran and the expectation of greater global geopolitical stability.
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Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
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Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
According to the superintendent of natural gas and biofuels at the Energy Research Company (EPE), Giovani Machado, discussions are ongoing between Argentines and Brazilians to conduct a study similar to what was done in the past with Bolivia, aiming to develop a more robust gas market between the two countries.
Government Bets on New Gas Law
The New Gas Law consolidates the necessary advancements for the formation of an open, dynamic, and competitive natural gas market, promoting conditions for price reduction and thereby contributing to the country’s economic recovery.
The competition generated will promote the recovery of the national industry’s competitiveness, especially in the segments of pulp, fertilizers, petrochemicals, steel, glass, and ceramics, in addition to relevant impacts on agribusiness, generating more jobs and income for Brazilians.
According to the Argentine government, each day of plant operation can result in an influx of US$ 500,000 for the neighboring country. However, the export is provisional. Argentina is waiting for the process to be consolidated after winter, when the “Gas Plan” will ensure the country’s self-sufficiency in gas usage. Then, the country expects to carry out steady (uninterrupted) exports to Brazil, Chile, and Uruguay.

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