Argentina LNG Seeks RIGI Approval for $51 Billion Export Project

Argentina LNG, a liquefied natural gas venture backed by YPF, Eni, and XRG, has submitted an application to join Argentina's Large Investment Incentive Regime (RIGI). The project aims to develop an integrated gas production, processing, transportation, and LNG export system utilizing Argentina's Vaca Muerta shale formation. The plan includes two floating LNG vessels with a combined liquefaction capacity of 12 million tonnes per year, located off the coast of Río Negro province.

YPF estimates the total cost of the project could reach $51 billion, making it the most significant submission to RIGI thus far. Once operational around 2031, the project would benefit from RIGI's fiscal, customs, and foreign-exchange advantages, as well as increased regulatory stability, crucial for financing a capital-intensive, export-focused venture.