(offshore-energt.biz) Argentina’s oil and gas firm YPF has joined a floating liquefied natural gas (FLNG) project being co-developed by Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG and Latin American integrated energy company Pan American Energy (PAE) in Argentinean waters.
The $3 billion project will see the FLNG Hilli, set to be installed in the San Matías Gulf, off the coast of Argentina’s Río Negro province, export gas from the Vaca Muerta shale deposit in the Neuquén basin. Regulatory approvals and a final investment decision (FID) for what is envisaged to be the first phase of a potential multi-vessel project are expected to be reached in Q1 2025, with exports scheduled to start in 2027.
“We at YPF are going to join this initiative that marks a milestone in the energy industry of our country and represents a great step to be able to move forward with our Argentina LNG project, with which we hope to export USD 15,000 million in LNG by 2030,” noted Horacio Daniel Marín, President and CEO of YPF.
“We are excited to collaborate with PAE and Golar LNG to drive growth and innovation in the energy sector. We will continue to work together to transform Vaca Muerta gas into LNG and to maximize the efficiency and profitability of the entire sector in the Neuquén basin.”
In July 2024, Golar and PAE entered into definitive agreements for a 20-year FLNG deployment project offshore Argentina, with the latter issuing a reservation notice for the FLNG Hilli, with a nameplate capacity of 2.45 million tons per annum (mtpa), in October 2024. The project will tap into Vaca Muerta, which is described as the world’s second-largest shale gas formation.
Read full article: https://www.offshore-energy.biz/local-player-joins-flng-project-seeking-to-make-argentina-an-lng-exporter/
Brazil Energy Insight 
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