Argentina LNG Seeks RIGI Approval for $51 Billion Integrated LNG Project

3-line summary

• Argentina LNG applied to participate in Argentina's Large Investment Incentive Regime (RIGI) for an integrated LNG project valued at $51 billion over its lifetime, located offshore Río Negro in the Gulf of San Matías, according to a Yahoo Finance report.
• The project, sponsored by state-owned YPF, Italy's Eni and ADNOC's investment arm XRG, would convert natural gas from the Vaca Muerta formation into LNG for export via two floating LNG units with combined capacity of 12 million tonnes per annum, and would be the largest private investment in Argentina's history.
• YPF chairman and CEO Horacio Marín said joining the RIGI framework is 'a fundamental step toward advancing a project that will open a new chapter for Argentina as a global energy exporter.'

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