Page 16: of Offshore Engineer Magazine (Jul/Aug 2025)

15 17

MARKETS ARGENTINA © YPF

Argentina’s 30

MMtpa LNG Ambition by 2030 – Is It feasible?

Te development of the Vaca Muerta has allowed Argentina to start fulflling its potential as an energy exporter. Te country already exports oil and some piped gas, but as the exploitation of Vaca Muerta accelerates, the opportunity to establish itself permanently as a player on the global LNG market arises.

By Melissa Lucio, Analyst, Latin America, Welligence Energy Analytics rgentina LNG’ is a large-scale LNG scheme from Cameroon) and the MK II (3.5 MMtpa, under con- designed to massively develop Vaca Muerta’s re- version in China). Start-up of the frst vessel is expected in sources to deliver energy to domestic and inter- 2027, followed by the second in 2028. A midstream player national market. It represents an ambitious col- will construct a pipeline as part of the project.

‘A lective of projects to be developed in following three phases: The FLNG component of this frst phase was admitted

Phase 1 (5.95 MMtpa): Southern Energy SA (SESA) into the RIGI incentive program, which provides legal sta- – an incorporated JV comprising Pan American Energy, bility, the ability to repatriate profts, dividends, and capi-

Pampa Energia, Harbour Energy, YPF, and Golar LNG – tal, and shields the project from new national, provincial, contracted Golar LNG to develop this phase through the or municipal taxes.

Hilli Episeyo FLNG unit (2.45 MMtpa, to be redeployed Phase 2 (10 MMtpa): In December 2024, YPF signed 16 OFFSHORE ENGINEER OEDIGITAL.COM