Argentina LNG Seeks RIGI Approval for $51B Integrated LNG Project

Argentina LNG has submitted an application to join Argentina's Large Investment Incentive Regime (RIGI) for its integrated liquefied natural gas (LNG) production and export project. The project, backed by YPF, Eni, and XRG, aims to transform Vaca Muerta's natural gas resources into LNG exports for international markets.

The project involves the development of an integrated value chain, including rich gas production in Neuquén, dedicated transportation infrastructure, processing facilities, liquids fractionation trains, and two Floating Liquefied Natural Gas units (FLNGs). The FLNGs will operate offshore Río Negro in the Gulf of San Matías, with a combined capacity of 12 million metric tons per year.

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.'

The application represents a key milestone in the development of Argentina LNG. The regime provides a long-term framework of legal, fiscal, customs, and foreign exchange stability essential for attracting investment and international financing.