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last mo.

Southern Energy Approves $15 Billion for Second Floating LNG Export Vessel

This final investment decision under Argentina’s RIGI framework secures the MKII’s delivery by late 2028.

Con la llegada de los dos buques de GNL, en un plazo de tres años, la Argentina tendrá capacidad para exportar 27 millones de metros cúbicos diarios (m³/d) de gas natural, lo que equivale al 18% de la producción actual
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Overview

  • The MKII vessel, currently being converted in China, will add 3.5 million tonnes of annual LNG capacity when it arrives in Río Negro in 2028.
  • It will join the Hilli Episeyo, due in early 2027 with 2.45 MTPA output, to lift Argentina’s export capability to about 6 MTPA of LNG (27 million m³ daily).
  • Exports from the two units between 2027 and 2035 are projected to generate over $20 billion in foreign-exchange revenues.
  • Southern Energy’s consortium—PAE, YPF, Pampa Energía, Harbour Energy and Golar LNG—will operate both vessels under a 30-year free-export license.
  • Construction is expected to create some 1,900 local jobs and drive additional Vaca Muerta development and pipeline connections to Río Negro.