Overview
- The agreement was signed Nov. 4 at ADIPEC in Abu Dhabi with XRG, ADNOC’s international investment arm, starting a defined negotiation process that includes an initial window to formalize terms.
- Phase one outlines 12 million tonnes per year of LNG via two 6 MTPA floating liquefaction units, with expandability to 18 MTPA under evaluation.
- Project backers cite funding needs in the tens of billions of dollars, commonly reported around $25–30 billion for core infrastructure and associated upstream development.
- Progress depends on final RIGI regulations, a provincial law in Río Negro to enable FLNG operations, and 30‑year unconventional concessions in Neuquén.
- YPF targets a final investment decision in the first half of 2026, with construction expected to follow and initial LNG exports projected around 2030, generating an estimated $10–12 billion in annual revenues.