Particle.news
Download on the App Store
4 ARTICLES
·
last mo.

Argentina LNG Phases 2 and 3 to Be Integrated by YPF, Shell and Eni

Shared infrastructure aims to lower costs and accelerate work, with Eni guiding to an early‑2026 investment decision for the 12‑mtpa stage.

Daniel Montamat
MKII, el segundo barco regasificador que llegará al país gas natural LNG
Image
YPF llevará el proyecto Argentina LNG a Gastech 2025, el evento más relevante del sector energético global, que se celebrará en septiembre en Milán, Italia.

Overview

  • YPF–Shell’s Phase 2 has been recalibrated to about 6 mtpa using FLNG, with an estimated US$12 billion budget and Shell positioned as principal offtaker.
  • YPF–Eni’s Phase 3 targets roughly 12 mtpa across two FLNG units, carries a projected US$20 billion cost, and Eni says FID is planned in the first quarter of 2026 with start‑up expected around late 2029 to early 2030.
  • The two phases are set to share a 580‑kilometre pipeline to a terminal at Sierra Grande and common port facilities, with pipeline operations planned for 2029.
  • Phase 1 led by Southern Energy has secured the Hilli Episeyo for 2027 and an MKII unit for 2028 following FID, together providing roughly 6 mtpa supplied via a dedicated 36‑inch gas line.
  • Separate reporting indicates YPF is evaluating further changes, including shared storage and potentially adding crude exports from the site, which would reduce LNG volumes versus earlier plans and remains under study.