Argentina LNG partners apply for RIGI inclusion

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Argentina LNG partners apply for RIGI inclusion
Business

Yahoo! Finance

YPF, Eni and Abu Dhabi-based XRG have applied to include their Argentina LNG project in Argentina's Large Investment Incentive Regime (RIGI) as they aim for a final investment decision by end-2026. The integrated proposal links Vaca Muerta gas acreage to two offshore floating LNG vessels with combined 12 million tonnes per year capacity and total lifecycle spending of up to $51 billion, which YPF calls the largest RIGI submission to date. Eni and XRG also agreed to take 32% stakes each in the upstream acreage while YPF would retain 36%, all subject to approvals. RIGI backing would provide fiscal, customs and foreign-exchange stability to help finance the project and expand Argentina's LNG export capacity.

Argentina LNG seeks RIGI inclusion for a $51 billion, 12 Mtpa project.

Context

The partners signed a binding joint development agreement in February. They seek RIGI…

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  • Economic IndicatorIncreased foreign direct investment…Locked
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  • Watch PointsArgentina RIGI approval decision and…Locked
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