Argentina, US launch the Andes-Atlantic Corridor: How will both countries benefit?
Buenos Aires, Argentina — This month, the United States and Argentine governments launched the Andes-Atlantic Corridor, a bilateral cooperation initiative that will impact the strategic infrastructure of the South American country. The agreement was signed on Wednesday, September 23, in New York by Argentine Foreign Minister Pablo Quirno and U.S. Deputy Secretary of State Christopher […] The post…
On September 23, the United States and Argentina signed the Andes-Atlantic Corridor, a bilateral cooperation initiative aimed at enhancing the South American country's strategic infrastructure. The agreement was brokered within the framework of the United Nations General Assembly and will be overseen by U.S. Deputy Secretary of State Christopher Landau.
The proposal includes up to $7 billion in financing, provided through U.S. financing agencies rather than as a direct transfer. This means that companies will be able to participate in investments made in Argentina by bidding or subcontracting, thereby modernizing Argentina's energy, mining, transportation, and telecommunications infrastructure.
In exchange for the funding, Argentina's government committed to maintaining transparent and predictable regulatory frameworks under the Large Enterprises Investment Regime (RIGI). This fiscal tool offers tax, exchange rate, and customs benefits for 30 years to large private investments in strategic sectors.
The Andes-Atlantic Corridor's projects focus on four major sectors, with the energy sector centered around Patagonia's Vaca Muerta, one of the world's largest unconventional gas and oil reserves, receiving the most significant attention. Of the $7 billion in investment, $6 billion will be allocated to the Liquefied Natural Gas (LNG) export project by oil companies YPF, Eni, and XRG, with only $1 billion going to other projects.
Energy specialist Yamil Quispe highlighted that the agreement will significantly benefit Argentina's oil industry. The agreement comes at a time when Argentina has seen a strong year in the energy sector, with a record surplus of $7.815 billion in 2025 and a record high surplus of $6.987 billion during the first half of 2026.
However, concerns have been raised that U.S. companies will have priority over Argentine ones in critical infrastructure tenders, potentially limiting competition and excluding local or other origin suppliers. Yamil Quispe emphasized that this issue will need to be addressed during negotiations for the planned projects.
Written by urgent.news from Argentina Reports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
