MILAN, Jan 13 (Reuters) - Argentina’s state-run energy firm YPF has picked Spain’s Gas Natural to supply the bulk of its liquefied natural gas (LNG) requirements through March in a recent tender, traders with knowledge of the matter said.
Gas Natural will deliver seven cargoes to Argentina’s river terminal at Escobar, traders said, adding that it did not award one remaining cargo for that terminal.
UK-headquartered oil major BP is expected to deliver a cargo to the country’s Bahia Blanca terminal, traders said.
The price of shipments is estimated in the mid-to-high $5 per million British thermal units (mmBtu) range, while the March deliveries may be in the low $5/mmBtu range, one trader said. (Reporting by Oleg Vukmanovic, additional reporting by Sarah McFarlane in London; Editing by Elaine Hardcastle)