U.S. to Back Argentina’s First LNG Export Project With $6 Billion Loan
The non-binding term sheet would support a 12 million-ton-a-year project that could become the world’s biggest offshore liquefaction plant.
- On Wednesday, the U.S. Export-Import Bank issued a non-binding term sheet offering up to $6 billion to support Argentina's $51 billion Argentina LNG project led by state-run energy firm YPF.
- YPF, Italy's Eni SpA, and Emirati energy firm XRG are developing the project to monetize Vaca Muerta's shale gas resources, seeking $24 billion from banks to construct pipelines and processing facilities.
- The project targets producing 12 million tons of liquefied natural gas annually, with U.S. firm Pumpco, a MasTec, Inc. subsidiary, securing a contract worth more than $1 billion for the export pipeline system.
- Partners applied last month to join Argentina's Large Investment Incentive Regime to support development, as European and Asian buyers seek to diversify energy supplies away from the Middle East amid the war in Iran.
- With a projected debut in 2030, partners are targeting a final investment decision by the end of 2026 as Argentinian President Javier Milei continues seeking foreign investment in infrastructure.
23 Articles
23 Articles
Export-Import Bank (Exim Bank), a US export and import bank, is offering funding of up to US$6 billion for Argentina's main natural gas project, in another demonstration of support from Donald Trump's government, while Argentine president Javier Milei seeks to attract foreign investment.
YPF to receive up to $6B financing proposal for LNG project from U.S. Export-Import Bank (YPF:NYSE)
YPF said the US Export-Import Bank has proposed as much as $6B in financing for Argentina LNG, which would be the biggest infrastructure project in the country's history.
U.S. to Back Argentina’s First LNG Export Project With $6 Billion Loan
The U.S. government is ready to support Argentina’s key LNG project by lending up to $6 billion to the project led by Argentina’s energy group YPF in partnership with Italy’s Eni and Emirati energy firm XRG. As part of a newly launched Andes-Atlantic Corridor, a joint U.S-Argentinian initiative to strengthen and modernize the infrastructure, U.S. government financing agencies can play a role in financing for Corridor projects alongside the priv…
YPF, Eni and XRG plan to bring gas from Vaca Muerta to the coast of Río Negro, liquefy it into two floating units and sell it abroad. They presented an accumulated investment of US$51 billion, but they still have to close the financing and advance with the works.
Financing Agreement with the US for Infrastructure Investments: Quirno Gave Details of the Mechanism
The chancellor, who will be present in the announcement to be made at night in New York, said that the project enhances the relationship between the two countries; YPF’s LNG project would be the case witness
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