LNG

Argentina's YPF is joining forces with PAE and Golar LNG in a US$3 billion venture to develop a new floating LNG export facility in the country. The move follows previous aborted attempts at becoming a long-term LNG exporter. The project will use the FLNG Hilli vessel offshore Río Negro province to process gas from the Vaca Muerta shale play, with first exports targeted for 2027. The consortium plans to achieve year-round operation. Argentina’s LNG trade has hitherto been highly seasonal.

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