US natural gas suppliers, worried about the interruption of supplies from Algeria, are shopping around for other sources.
They've found Argentina.
A recent agreement between US and Argentine companies calls for the purchase of 163 billion cubic feet a year of Argentine natural gas for the next 20 years. At 1981 rates, that would be less than 1 percent of US gas consumption.
But the deal is only the first of several. Under the $2.3 billion agreement, a liquefaction plant, export facilities, and pipelines will be built in Argentina. Target date: 1986.m