Argentina LNG (YPF, Eni and XRG)
The largest project submitted to the RIGI: USD 51,000 million to take Vaca Muerta gas to two floating liquefaction units in the San Matías Gulf, with 12 million tonnes of LNG a year for export from 2031. It announces USD 15,000 million in purchases from Argentine suppliers; YPF's chairman announced the signing of the final investment decision for 26 November 2026 and the first works for February 2027.
How to supply it
what we have for a supplier, and how to request it
What we have on this project for a supplier
Who decides the purchase, who you invoice and where a new supplier registers.
Which lines each phase buys and when the window opens for each one.
Who they are, what each one does and how to sell to them.
All of this is surveyed and verified against its source. Crossed with what you sell —which of them your products suit, how to reach it and when— it is in your company report. Request the report
We cross what you manufacture or do against the 7 phases of this project and tell you which ones you fit into and when each one buys. Two pages, with the evidence behind them.
Where my company can get inThe project
what it is, the route, the owners, the works and the contractors
Who owns it
YPF, Eni and XRG (ADNOC's international investment arm), partnered in a consortium integrated from Vaca Muerta gas all the way to export. verif Feb 12, 2026 ↗
The works, milestone by milestone
Río Negro calls the public hearing on the project's four environmental impact studies (dedicated gas pipeline, floating liquefaction units, multi-product pipeline and industrial complex) for 16 November 2026 at 8 a.m., at the Vuta Mahuida Gymnasium in Sierra Grande. Registration to speak closes on 11 November at 8 a.m.
YPF's chairman announces in Paris, together with Eni and XRG, that on 26 November 2026 they will sign the project's final investment decision.
The Export-Import Bank of the United States delivers to Argentina LNG a non-binding proposal for long-term financing of up to USD 6,000 million, earmarked for purchasing US goods and services and subject to final approval by its board.
The US Department of State reports two contracts for the project: the engineering, procurement and construction contract for the export pipeline system, awarded to Pumpco (a MasTec subsidiary) with Bonatti and Contreras Hermanos for more than USD 1,000 million and subject to the final investment decision; and the contract for a gas liquids fractionation and gas treatment plant, awarded to McDermott.
YPF's chairman states at Gastech: «By year-end we will be signing the FID in Buenos Aires and, in February next year, we will move ahead with the first works and the execution of the project».
The project's procurement, engineering and supplier development teams, together with AESA (YPF's construction company), tour Sierra Grande and San Antonio Oeste to meet business chambers and local suppliers.
Argentina LNG files its application to join the RIGI for USD 51,000 million, the largest investment ever submitted to the regime.
Neuquén enacts Law 3566, which approves the agreement and ratifies a 30-year provincial tax stability guarantee over the five concessions that supply the project: Meseta Buena Esperanza I and II, Aguada Villanueva Norte and Las Tacanas I and II, tied to the act that approves the RIGI adhesion.
Neuquén and YPF sign the GNL Project Agreement, which the provincial Executive approves by Decree 796/2026 and sends to the Legislature.
Eni, YPF and XRG sign the binding joint development agreement for Argentina LNG: 12 million tonnes a year in two floating units of 6 million each, with the final investment decision targeted for the second half of 2026.
What it leaves in Río Negro
jobs, works, taxes, promises and the outlook
How many jobs it creates
~20,000 jobs a year between 2026 and 2030, peaking at up to 40,000 in the third year average annual jobs during construction, direct + indirect + induced; the peak is a separate figure prob Aug 13, 2026 ↗
~8,000 jobs a year over the useful life annual jobs, direct + indirect prob Aug 13, 2026 ↗
The works that stay behind
The project has been filed under the RIGI and has not been approved yet. Permanent works are documented once construction starts.
What it already pays in taxes and royalties
The project has been filed under the RIGI and has not been approved yet. Royalties and production taxes begin with operation.
Who promised what
We have not surveyed the public promises about this project. A dated, verifiable commitment with its source closes them.
What could stall it
risks and how to track them
What could stall it
We have not documented this project’s risks. An identifiable vector with its source closes them.
How to tell whether it is advancing
Observable facts that show whether the project is advancing, and where to look for each.
eventoThe consortium's final investment decision+
eventoThe RIGI adhesion resolution in the Official Gazette+
How we verified this
the act, the gaps and the sources
The RIGI act, in detail
The project has been filed under the RIGI and has not been approved yet. The instrument is published in the Boletín Oficial once the Committee approves the accession.
What we could not confirm
There are 5 in this project. Each says why it could not be confirmed and what it would take to close it.
H-01Whether the project appears on the official list of projects under evaluation+
The Ministry of Economy publishes the projects under evaluation only as a total by sector, without names. On Aug 17, 2026 that total rose by USD 51,030 M with one more oil and gas project, four days after this application and by almost the same amount; on Sep 18 it fell by almost the same amount and on Sep 24 it rose again. The match in date and amount is strong, but it is an inference: the spreadsheet does not name it.
H-02How the consortium is split+
None of the three partners publishes its ownership percentage. The split circulating in the press refers to the production blocks, not to the project company.
H-03Who builds the floating units, and where the McDermott plant goes and how much it is worth+
There is no published award for the two floating units. The contracts for the export pipelines and for McDermott's fractionation and treatment plant were reported by the US Department of State, with no amount or location for the plant; the trade press places it in Río Negro at about USD 8,000 M. The Plaza Huincul treatment plant is reported only by the trade press: neither YPF nor Eni announced the selection.
H-04How much of the USD 15,000 M for Argentine suppliers goes to each line of business+
The consortium's release gives the total with no breakdown by line of business or by stage, and the 2026-2030 demand that YPF presented in Plaza Huincul is not published.
H-05How many kilometres offshore the floating units will sit+
Río Negro's Decreto 120/26 places them about 7 km from the coast, and the official notice calling the public hearing of Oct 1, 2026 says about 5 km. One figure is not corrected with the other.
We look at what your company does and tell you whether we see a sign that it fits this market, with the evidence behind it. If we do not see one, we say so too and name the condition that would change it. One page as a dated PDF, within 48 working hours.
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