U.S. to Back Argentina’s First LNG Export Project With $6 Billion Loan

AI Summary

The U.S. government plans to back Argentina's first LNG export project with a $6 billion loan, supporting a consortium led by YPF, Eni, and XRG. This initiative is part of the Andes-Atlantic Corridor to modernize energy infrastructure with joint U.S.-Argentinian investment efforts.

The U.S. government is ready to support Argentina’s key LNG project by lending up to $6 billion to the project led by Argentina’s energy group YPF in partnership with Italy’s Eni and Emirati energy firm XRG.  As part of a newly launched Andes-Atlantic Corridor, a joint U.S-Argentinian initiative to strengthen and modernize the infrastructure, U.S. government financing agencies can play a role in financing for Corridor projects alongside the private sector, the U.S. Department of State said. In the energy infrastructure space,…