JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
The banks are arranging $14 billion to $15 billion as partners seek a final investment decision in November for a $24 billion export project.
- JPMorgan and Santander are spearheading a $15 billion fundraising operation for Argentina LNG, a landmark project to liquefy and export shale gas from the Atlantic coast.
- The project, a partnership between Italy's Eni SpA, Emirati XRG, and YPF, carries a total price tag of $24 billion, with three energy firms holding equal equity stakes.
- This capital arrangement surpasses Argentina's $20 billion loan agreement with the International Monetary Fund and includes two floating liquefaction vessels and pipelines to process Vaca Muerta resources.
- YPF CEO Horacio Mar confirmed documentation is prepared for lender due diligence earlier this month, while the project applied for President Javier Milei's marquee investor initiative, RIGI.
- The facility will initially produce 12 million tons of liquefied gas annually, potentially ramping up to 18 million tons, as Argentina holds potential to eventually reach 24 million tons.
11 Articles
11 Articles
YPF Seeks Record US$16 Billion Loan as Milei Faces Congress Test
YPF tapped JP Morgan to raise up to US$16 billion for Phase 3 of Argentina LNG, a record project finance deal. The same week, the government faces a special session in Diputados over central bank reform and a fiscal bill. The post YPF Seeks Record US$16 Billion Loan as Milei Faces Congress Test appeared first on The Rio Times.
The operation will be located between US$14 billion and US$16 billion and will finance pipelines, plants and ships; JP Morgan and Santander advise the structuring, which is sought to close before the end of the year
JPMorgan, Santander lead financing of up to US$15 billion for LNG Project
JPMorgan Chase and Banco Santander are leading financing talks for Argentina LNG; Unprecedented project to liquefy and export shale gas reserves would create one of the biggest floating facilities in the world. Leer más
JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November. The Argentina LNG project is a partnership between Italy’s Eni, Argentinian state energy major YPF, and Emirati XRG. The facility is to be built on Argent…
JPMorgan, Santander Lead Financing of up to $15 Billion for Argentina LNG Project
JPMorgan Chase & Co. and Banco Santander SA are leading the financing for Argentina LNG, a landmark project to liquefy and export the country’s shale gas reserves, according to people familiar with the matter.
According to Bloomberg, JPMorgan and Santander lead Argentina LNG funding and seek to structure up to $16 billion.
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