Argentina LNG Applies for $51B Integrated LNG Project
Argentina LNG has submitted its application to join Argentina's Large Investment Incentive Regime (RIGI) for the development of a massive integrated liquefied natural gas (LNG) production and export project. The $51 billion investment is the largest private investment in Argentina's history, according to Hydrocarbon Processing.
The project, promoted by YPF, Eni, and XRG, will transform Vaca Muerta's natural gas resources into LNG exports for international markets. It involves rich gas production in Neuquén, dedicated transportation infrastructure, processing facilities, liquids fractionation trains, and two Floating Liquefied Natural Gas units (FLNGs), which will operate offshore Río Negro in the Gulf of San Matías.
Horacio Marín, Chairman and CEO of YPF, stated: 'Joining the RIGI framework is a fundamental step toward advancing a project that will open a new chapter for Argentina as a global energy exporter.'