YPF CEO gives green light to $20 billion Argentina LNG Project in mid-2026

He said that he expects a decision to be made on a $20 Billion, 12 Million metric tons of liquefied gas per year project by the middle of next.

Horacio Marina added that he expected YPF, Eni, and Adnoc’s XRG to each have a third of the equity.

Marin stated that exports from the 12-mtpa phase of the project will start likely in 2030 or 2031 or four years after the FID, which could be in mid-2026.

Shell announced on Thursday that it had withdrawn from a different phase of the Argentina Gas Project, a full year after signing a development agreement with YPF. The company cited an important change in the scope of the project as its main reason for leaving.

Marin stated that the Shell phase has been reduced to 6 mtpa, from 12 mtpa. He said the phase of the project involving Eni, XRG and YPF was priority. YPF will seek a new partner to replace Shell.

Marin's goal was to increase the Argentina LNG project, led by YPF, to 18 mtpa. (Reporting and editing by Shadia Nasralla, Stephanie Kelly)

(source: Reuters)