Argentina LNG, the export project backed by YPF, Eni and XRG, has submitted its application to join Argentina's Large Investment Incentive Regime (RIGI), according to Eni. The filing supports the development of a large-scale LNG export project drawing on gas from the Vaca Muerta formation, and it marks a step toward a final investment decision the partners are targeting by the end of 2026.
Project scope
Argentina LNG is designed as an integrated LNG value chain, running from upstream gas production through export infrastructure, including gas transportation and processing facilities. The plan calls for two Floating Liquefied Natural Gas (FLNG) units, vessels that liquefy natural gas for export at sea rather than at an onshore plant, to be located offshore Río Negro province. The two units would have a combined liquefaction capacity of 12 million tonnes per year (MTPA).
RIGI filing
The RIGI application is described by Eni as an important milestone on the path to FID. RIGI is Argentina's Large Investment Incentive Regime. The three partners say the project combines their complementary capabilities to develop the gas resources of Vaca Muerta into a competitive LNG export platform able to supply international markets, part of what the industry treats as the midstream and LNG segment linking upstream gas to export terminals.
