Argentina Wants LNG

A joint venture between Argentina’s Enarsa and Petroleos de Venezuela is soliciting letters of interest to build LNG regasification plants in Argentina. The two state-run firms will accept statements of interest until Tuesday. The solicitation comes as Argentina faces gas shortages. Meanwhile, a 2002 utility rate freeze has discouraged investment in the country’s gas sector. Plans for an LNG facility would rival those of Petrobras, which has expressed interest in the past in building a terminal in Uruguay to pipe gas into Argentina.