Markets· August 17, 2026 at 01:57 a.m.
Argentina LNG Project Seeks Incentives for $51 Billion Export Venture
Key takeaways
- The project could cost $51 billion over its lifetime
- Two floating LNG vessels are planned for the project
- Partners aim to make a final investment decision by the end of 2026
The Argentina LNG project, a joint venture between YPF, Eni, and XRG, has applied for inclusion in the country's Large Investment Incentive Regime (RIGI). The partners aim to make a final investment decision by the end of 2026. If approved, the project could reach $51 billion over its lifetime, making it the largest under RIGI so far. The proposed integrated development involves natural gas production from Argentina's Vaca Muerta shale formation and two floating LNG vessels offshore Río Negro province with a combined capacity of 12 million tonnes per year.
