$51 Billion Argentina LNG Export Project Seeks RIGI Approval

Argentina LNG, a liquefied natural gas project backed by YPF, Eni, and XRG, has applied for RIGI approval. The $51 billion export project aims to connect natural gas production from Argentina's Vaca Muerta shale formation with processing, transportation, and LNG export infrastructure.

The proposed integrated development includes two floating LNG vessels offshore Río Negro province, with a combined liquefaction capacity of 12 million tonnes per year. YPF expects the two units to begin operations around 2031.

RIGI was established to encourage large-scale investments in Argentina by providing qualifying projects with long-term fiscal, customs, and foreign-exchange benefits, as well as greater regulatory stability.