{
  "id": 3259922,
  "title": "JPMorgan, Santander lead financing of up to US$15 billion for Argentina LNG Project",
  "url": "https://urgent.news/2026/08/25/jpmorgan-santander-lead-financing-of-up-to-us-15-billion-for",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T11:55:54.000Z",
  "source": {
    "name": "Buenos Aires Times",
    "slug": "buenos-aires-times",
    "url": "https://www.batimes.com.ar/news/economy/jpmorgan-santander-lead-financing-of-up-to-us15-billion-for-argentina-lng-project.phtml"
  },
  "original_language": "en",
  "account": "JPMorgan Chase & Co and Banco Santander SA are at the helm of financing the Argentina LNG project, a groundbreaking initiative to liquefy and export Argentina's shale gas reserves. The two banks have committed to funding around US$14 billion to US$15 billion, according to people familiar with the ongoing negotiations. The Argentina LNG project, valued at approximately US$24 billion, is set to be led by state-run YPF SA in collaboration with Italy's Eni SpA and Abu Dhabi's XRG, each holding roughly equal equity stakes. The offshore LNG terminal located on Argentina's Atlantic coast is expected to produce 12 million tons annually, positioning it as one of the world's largest floating facilities. The partners are striving to reach a final investment decision by late November. JPMorgan and Santander have not yet commented on the matter, while YPF, Eni, and XRG declined to provide any statement. This project, which includes the construction of two floating liquefaction vessels, two cross-country pipelines, and a natural gas liquids plant, is unprecedented in Argentina, with a price tag exceeding the government's US$20-billion agreement with the International Monetary Fund. Following the free-market reforms of President Javier Milei, project finance has witnessed a resurgence in Argentina's energy sector, attracting investment from shale drillers and pipeline companies. YPF CEO Horacio Marín has stated that all the necessary documentation for Argentina LNG has been prepared for potential lenders to conduct due diligence. The project has already secured frontrunners for designing, supplying, and building some components, Marín added. Following YPF's earnings call, Argentina LNG applied for President Milei's prominent investor initiative known as RIGI.",
  "summary": "JPMorgan Chase and Banco Santander are leading financing talks for Argentina LNG; Unprecedented project to liquefy and export shale gas reserves would create one of the biggest floating facilities in the world. Leer más",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}