MercoPress. South Atlantic News Agency
Thursday, August 13th 2026 - 22:46 UTC
The project seeks to turn gas from the Vaca Muerta formation, in Neuquén province, into liquefied natural gas exports
Argentina's majority state-owned oil company YPF confirmed on Thursday that it has filed an application for the Argentina LNG project to join the Large Investment Incentive Regime (RIGI). The venture, developed alongside Italy's Eni and the Emirati company XRG, contemplates an estimated outlay of 51 billion dollars over its full life, the largest figure submitted so far under the scheme.
The project seeks to turn gas from the Vaca Muerta formation, in Neuquén province, into liquefied natural gas exports. Its design includes gas production in Neuquén, dedicated transport infrastructure, processing plants, liquids fractionation trains and two floating liquefaction units with a combined capacity of 12 million tonnes a year, which will operate off the coast of Río Negro, in the San Matías Gulf, from 2031. The consortium plans to scale up to 18 million tonnes.
