Argentina's largest investment project aims to export Vaca Muerta gas

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Argentina's state-owned oil company YPF has filed an application for the Large Investment Incentive Regime for the Argentina LNG project, developed with Italy's Eni and Emirati company XRG. The project involves an estimated $51 billion investment over its lifetime to export gas from the Vaca Muerta formation.

Argentina's majority state-owned oil company YPF confirmed on Thursday that it has filed an application for the Argentina LNG project to join the Large Investment Incentive Regime (RIGI). The venture, developed alongside Italy's Eni and the Emirati company XRG, contemplates an estimated outlay of 51 billion dollars over its full life, the largest figure submitted so far under the scheme.