YPF Proposes $51 Billion LNG Project for Export from Vaca Muerta
YPF has submitted a $51 billion proposal under the RIGI to develop the Argentina LNG project, aimed at exporting LNG from Vaca Muerta. This initiative is expected to create 20,000 jobs annually and generate $10 billion in export revenues each year for two decades, significantly impacting Argentina's economy.
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YPF has formally requested entry into the Régimen de Incentivo para Grandes Inversiones (RIGI) for the Argentina LNG project, which proposes a total investment of $51 billion. The project includes a value chain that integrates gas production in Neuquén, dedicated transportation infrastructure, and two floating liquefaction units (FLNG) off the coast of Río Negro, with a processing capacity of 12 million tons per year.
The construction phase is expected to generate an average of 20,000 jobs annually from 2026 to 2030, with peaks of 40,000 during the third year. Additionally, it anticipates $15 billion in contracts for local goods and services, along with projected export revenues of $10 billion annually for 20 years.
The financing structure involves $29 billion before operations commence in 2031, utilizing project finance backed by international contracts. The approval of the RIGI will facilitate the project's legal and fiscal stability, essential for attracting long-term investment.
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