LNG: Argentina-bound LNG Cargo Changes Course – Possible Cancellation: Platts

The LNG carrier Kool Ice, previously moored off northern Argentina, changed course on May 7, potentially indicating cargo cancellations from Argentina, Platts said. 

• It was initially expected to deliver its cargo to the Escobar import terminal by May 10.
• This shipment is the second of six LNG cargoes awarded to BP by Argentina’s state-run importer Enarsa.
• Reduced heating demand due to higher-than-expected temperatures has raised questions about whether the delivery is necessary.
• Enarsa and BP are discussing whether to cancel or postpone it, as the FSRU at Escobar cannot accommodate further volumes, sources told Platts.
• A report from Argentina’s gas grid operator Enargas confirms the scheduled May 10 delivery ,but shows lower daily natural gas consumption (38.3 mcm/d) compared to the same period in 2024 (53 mcm/d).
• Other BP-chartered LNG carriers previously bound for Escobar—British Mentor and British Listener—have rerouted to different destinations.