Article

The German government is considering state guarantees for LNG imports from Argentina, linked to a project in Rio Negro province. The Federal Ministry of Economics confirmed this in response to a parliamentary inquiry.

The guarantees would cover unbound financial loans, aimed at mitigating economic and political risks for foreign resource projects. A new partnership between state-owned Sefe and Southern Energy is likely, with Sefe planning to import up to two million tons of LNG annually starting in 2027.

The gas will be extracted from Vaca Muerta and shipped through two terminals in Golfo San Matias. The necessity of state backing is debated due to Argentina's economic instability. The current government aims to relax previous climate assessment guidelines for such guarantees.