Argentina LNG Applies for RIGI Approval with $51 Billion Investment Plan
Argentina LNG has submitted an application to join the country's Large Investment Incentive Regime (RIGI) for its integrated liquefied natural gas production and export project. This represents the largest private investment in Argentina's history, with a total investment of $51 billion throughout the life of the project.
The project, promoted by YPF, Eni, and XRG, aims to develop an integrated value chain that will transform Vaca Muerta's natural gas resources into LNG exports for international markets. The design includes rich gas production in Neuquén, dedicated transportation infrastructure, processing facilities, liquids fractionation trains, and two floating LNG units with a combined capacity of 12 million tons per year.
The project is expected to generate export revenues of approximately $10 billion per year over a period of two decades, making a significant contribution to Argentina's trade balance and foreign currency inflows. According to Horacio Marín, Chairman and CEO of YPF, 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.