Southern Energy - floating LNG (Argentina LNG, Hilli phase)

The Acta sets the coefficients and the formulas in UV, but does not publish the value of the UV, so none of the four components can be converted into pesos with what is available

Both factors are there (420,000 m² and $215 per m²) but the cost is adjusted annually by CPI and the Acta sets neither the base nor the date of the first adjustment. Multiplying them today would mean presenting our own calculation as a fact

Art. 6 of Ley 5849 only INVITES municipalities to join, and art. 4 conditions the transfer on approval by the Provincial Executive «a través de la comisión de seguimiento que se designe por reglamentación». The act appointing it was not located

The Province only undertakes to «realizar sus mejores esfuerzos» and to «instar a los municipios a adoptar medidas análogas». It is a best-efforts obligation: the provincial saving is firm, the municipal one is not guaranteed

The provincial register asks generically for «habilitaciones y certificaciones pertinentes» without listing them, CoreMarine's note explicitly says it does not detail the requirements, and Golar's generic suppliers page did not open

It exists with identifier RE-2025-07079097, required by art. 47 item l of Decreto 749/2024, but it is not published

The only sealed figure is the construction one, and it comes from the consortium's corporate website. The figure of 850 jobs circulating in the press could not be verified in any primary source, and no source separates Southern Energy's headcount from San Matías Pipeline's

What does exist is the resolution CONVENING the public hearing (RESOL-2024-707-E-GDERNE-SAYCC#SGG). The complete file is consulted in person at Colón 275, 2nd floor, Viedma, and no published Declaration was located. ⚠️ On the Neuquén side the gap is measured, not assumed: on the San Matías Pipeline, official gazettes 4540 to 4604 were read, covering continuously from 30 Jan 2026 to 18 Aug 2026, searching for the file number and the project's names: a single gazette matches, and it is the hearing notice already known. THE METHOD IS CONTROLLED —the same sweep does find the terms in gazette 4544— so the zero is not a false negative of the search. THE CONSEQUENCE: Golar LNG states to the market that environmental approval was obtained in both provinces, and that statement is NOT backed by a published act. It may be true and simply unpublished; what cannot be done is cite it as an act of the State. ⚠️ What this zero does NOT prove: that the resolution does not exist (it can be notified to the applicant without being published), nor anything about Río Negro, which is another jurisdiction with another procedure and where the sweep was not carried out.

The Boletín Oficial notice publishes the Annex as a separate download (IF-2025-89103464-APN-SSCL#MEC, download identifier 7446535) and the /pdf/download_anexo endpoint returns HTTP 500 to a scripted POST with all three parameter combinations tried. It is a limitation of automated access, not of the document: the file exists and is published

Resolución 559/2025 explains the mechanism —surpluses from the Gasoducto General San Martín offset by additional volumes from Vaca Muerta— but does not publish the contracted firm capacity in figures, and neither of the two investigations found it

No subsequent ruling was located in open sources in either case. The original filing of the 2026 action returns HTTP 404, and of the 2023 case only the filing of the appeal is on record

The act sets the obligation and the committed amounts (USD 105,000,000 and USD 354,000,000) but no official publication of actual compliance was located

The physical phase is recorded as «under construction», but with a probable seal and on a single thread of evidence: the note saying the first year's supply arrives through a fifteen-kilometre link «already completed». A completed link is work carried out, and that is enough to state that construction started — not to say how far it has advanced. What still lacks primary backing is the bulk of the project: the vessels, the mooring and the subsea works, which sources still describe in the future tense. The evidence in circulation (pipe unloading at the port, more than 400 people working, a «60% progress») comes from press and press releases, and that 60% appears with the same wording in three outlets with neither numerator nor denominator. There is no progress report or act declaring it.

The gap between the USD 91 million in the coverage of 14 Apr 2026 and the «more than USD 490 million» in the press release of 30 Apr 2026 is not a research gap but an arithmetic one: the roughly 399 million of difference matches the Variable Contribution of art. 5.2 of the Acta at its top band sustained for twenty years (USD 20,000,000 a year times twenty gives 400), and 91 plus 400 gives 491, which is exactly what «more than USD 490 million» claims. What remains unconfirmed is that the Province did THAT sum: no source publishes the model, nor the index band it assumes, nor whether it counts twenty full years of variable contribution even though the second vessel does not arrive before late 2028 and the first payment falls due before 28 Feb 2029. Nor can the make-up of the fixed 55 million be verified: the Acta allows 24.4 to be reconstructed —coastal fee and water royalties, USD 1,220,000 a year— and leaves the rest in fees whose factors it sets but does not convert into dollars. The reconciliation is published as our own estimate in the dossier, never as a fact.

This is the block where the two investigations contradict each other head-on and neither opened a document that settles it: one lists it as a permanent port facility that stays behind, and the other quotes the consortium's top executive saying in June 2026 that the base «does not exist yet» and that the company «is building» one. The difference between declared and built decides whether it is infrastructure that stays or works still unawarded, and therefore whether it is an open contracting window.

The consortium declares TWO compressor stations within the FLNG project's scope, and that has been recorded. What does not close is the system total: separately, the expansion of the Gasoducto General San Martín plant —the one supplying the first vessel in the initial stage— is attributed to a contractor, and another compressor plant is placed on the dedicated pipeline's route, which is another owner's work. It could not be determined whether the San Martín expansion is one of the two the consortium declares or a third set of works.