Argentina LNG Project Reaches Río Negro’s Coastal Towns
YPF and Río Negro took the Argentina LNG project to Sierra Grande and San Antonio Oeste this week. Local firms were told what the US$51 billion plan will demand of them. The post Argentina LNG Project Reaches Río Negro’s Coastal Towns appeared first on The Rio Times .
Three coastal towns in Río Negro, Argentina, received formal briefings on a US$51 billion gas export project called Argentina LNG. The venture aims to convert Vaca Muerta gas into liquefied natural gas (LNG) for export from floating plants anchored off the coast. Officials from YPF, the Argentine government, and local institutions explained the project to residents in Sierra Grande, Las Grutas, and San Antonio Oeste.
Mario Figueroa, the provincial secretary of energy and environment, emphasized that the plan represents the largest private investment in Argentine history. YPF filed the venture for RIGI benefits, a large investment incentive regime, which offers tax, customs, and currency stability for three decades. Roughly $29 billion of the project's total investment falls between 2026 and 2031, with $24 billion allocated to infrastructure, drilling, and plants, pipelines, port works, and floating units.
The remaining $5 billion goes to wells. Construction is expected to run from 2026 to 2030, with first cargoes planned for 2031. The floating liquefaction units would produce 12 million tonnes per annum (Mtpa) of LNG, sitting seven kilometers offshore in San Matías Gulf. The project is expected to bring about $10 billion in annual exports and support around 20,000 construction jobs annually, peaking near 40,000 in the third year.
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