Overview
- YPF formally submitted the Argentina LNG proposal to the RIGI on Thursday as a US$51 billion request that would be the largest single project in the regime to date.
- The plan links Vaca Muerta gas production with a 527 km, 48‑inch dedicated pipeline and two offshore FLNG units totaling 12 MTPA to export liquefied natural gas.
- YPF proposes a project‑finance model with about 70% debt, is working with JPMorgan, has received offers from roughly 47 banks, and is engaging export credit agencies such as SACE and Hermes Euler.
- The company projects roughly US$10 billion in annual exports for 20 years, about US$15 billion in local procurement, and peak construction employment of 20,000–40,000 jobs with operations sustaining about 8,000 jobs.
- Next steps include RIGI and government evaluation, final investment decisions and signing long‑term export contracts, and the proposal remains subject to regulatory approval and closing of project finance.