Argentina LNG Seeks RIGI Approval for Ambitious 12-MTPA Export Project

Argentina LNG has taken a significant step forward in its ambitious project to develop a large-scale liquefied natural gas (LNG) export platform. The company, backed by major energy players YPF, Eni, and XRG, has submitted an application to participate in Argentina's Large Investment Incentive Regime (RIGI). This move is crucial for the project's advancement, as RIGI approval will provide a more favorable regulatory and investment environment.

The proposed LNG export project aims to capitalize on the substantial natural gas resources of the Vaca Muerta formation. With two Floating Liquefied Natural Gas (FLNG) units with a combined liquefaction capacity of 12 million tonnes per year (MTPA), the project is expected to transform Argentina's energy sector by increasing its ability to monetize domestic gas resources through exports.

Securing RIGI approval could strengthen the project's financial and commercial framework, paving the way for a Final Investment Decision (FID) by the end of 2026. The partnership's combined involvement is expected to support the development of infrastructure needed to transform Vaca Muerta's extensive shale gas resources into LNG for international markets.