The Government approved the third Rigi project: it is to export gas per boat for US $ 2500 million annually since 2027

The Government approved the Third Project of the large investment regime (Rigi). This is the “Argentina NGL” initiative that carries out a Large oil consortium local and foreign for export from 2027 cow gas in boat From the coast of Río Negro for some US $ 2500 million annually.

The announcement of the approval of the third rigi, of the dozen that is under evaluation, did the minister of Economy, Luis Caputoin his X account, where he celebrated the confirmation of “one of the world’s largest fluff projects in Argentina.”

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This is the initiative of the Consortium Southern Energyin which they are associated YPF, PAE, Pampa Energía and the British Harbor With the Norway Golarby which it is planned to export the Muerta Vaca gas processed in ships stationed in the Gulf of San Matías.

Almost simultaneously to Caputo post, the investment group announced that will add a second regasifier ship in 2028 to the project, which in principle proposed to build a plant on land, but was finally discarded.

In order for Argentina to become a LNG exporter, the business consortium presented the initiative in the rigi with an expected investment in US $ 2900 million during the first 10 years and a total of US $ 7000 million for the two decades of the project.

Caputo remarked that “Argentina can be liquefying 26 million cubic meters per day of Natura gasstarting from 2027. With the two ships in production, Argentina will be exporting US $ 2500 million per year for the next 20 years. “

The minister added that he will also imply the construction of a new gas pipeline to supply liquefaction ships on the Costa Rionegrina. The first stage of the investment already has the approval of the rigi”He said.

How is the project for Argentina export gas from Vaca Muerta

Pan American Energy oil company (PAE) announced this Friday that In 2028 A will arrive SECOND LICUEFACTION BOAT of natural gas for the project, whereby when it takes place, Argentina will enter the group of exporting countries of LNG.

It is for a agreement With his partner Golar LNGthe manager of the ships. Thus, with the confirmation of the arrival of that ship, which is being built in China, the consortium Souther Energy will complete the first stage of Argentina LNG, The company reported.

Both ships will allow process about 28 million cubic meters per daywhich is equivalent to 20% of the current production Daily of the country.

As reported by the company, the New shipcalled “MKI”will be added at the end of 2028 to “HILLI EPISEYO”the first ship to transform natural gas into LNG that will start operating in 2027.

The company expects that The two floating terminals of liquefaction operate and export all year. Therefore, they stressed that they will need the construction of a new gas pipeline between Vaca Muerta and the Gulf San Matías.

“The installation of the two liquefaction ships in Río Negro will favor job creation, he development of local suppliers, the introduction of new productive and technological processes and It will generate exports of products that are currently not exported in international markets, accessing New destinations export ”, completed the communication of the company.

Southern Energy is integrated by PAE, with 30% participation; YPFcon 25%; Pampa Energy (20%); Harbour Energy (15%) y Golar LNG (10%).

At the end of April, the Ministry of Energy granted the Liquefied Natural Gas Export Authorization Certificate for a period of 30 years. This Friday, Caputo reported that the adhesion of the project to Rigi was also approved.