JPMorgan and Citi Negotiate $1 Billion Loan for Gas Pipeline in Argentina
JPMorgan Chase & Co. and Citigroup Inc. are negotiating a $1 billion loan to finance a gas pipeline project in Argentina, led by Pan American Energy Group. The Southern Energy project aims to transport gas from the Vaca Muerta shale formation to a liquefaction terminal on the Atlantic coast, involving a consortium that includes YPF, Pampa Energía, Harbour Energy, and Golar LNG. Ongoing discussions may alter the terms before finalization.
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JPMorgan Chase & Co. and Citigroup Inc. are in discussions to provide $1 billion in financing for a gas pipeline in Argentina, part of a consortium led by Pan American Energy Group. The project, Southern Energy, aims to transport gas from the Vaca Muerta shale formation to a liquefaction terminal on the Atlantic coast.
The consortium also includes YPF, Pampa Energía, Harbour Energy, and Golar LNG. Last year, a similar deal for a pipeline and port dedicated to shale oil was completed. The new pipeline will require construction and is expected to connect the Neuquén region with Río Negro. The negotiations are ongoing, and terms may change before finalization.
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