Thursday, September 24, 2026
Home Latest Energy News By Tsvetana Paraskova - Sep 24, 2026, 5:00 AM CDT 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, the U.S. government’s Export-Import Bank of the United States (EXIM) has issued a non-binding indicative term sheet up to $6 billion for the $51-billion Argentina LNG project, the State Department said, in a win for Argentinian President Javier Milei, who wants to attract foreign investment in infrastructure. Set OilPrice.com as a preferred source in Google here . The proposed financing from EXIM is intended to support the procurement of U.S. goods and services required for infrastructure development and production activities, including the contract awarded to McDermott for the engineering, procurement, construction, and commissioning of a natural gas liquids fractionation and gas treatment facility.
In addition, U.S. firm Pumpco, a MasTec, Inc. subsidiary, in partnership with Bonatti and Contreras Hnos., has been awarded an Engineering, Procurement, and Construction contract worth more than $1 billion for the project’s export pipeline system, subject to final investment decision. The partners in the Argentina LNG project last month applied to join Argentina’s Large Investment Incentive Regime, RIGI, which would support the development of the large-scale LNG export project that will use Vaca Muerta’s huge shale gas resources. The project aims to develop an integrated LNG value chain, from upstream gas production to export infrastructure, including gas transportation and processing facilities, and two Floating Liquefied Natural Gas (FLNG) units with a combined liquefaction capacity of 12 million tonnes per year (MTPA), to be located offshore Río Negro province.
The partners target a final investment decision by the end of 2026. By Tsvetana Paraskova for Oilprice.com More Top Reads From Oilprice.com Oil Prices Reverse Course as Traders Watch US-Iran Diplomacy Norway's Arctic Oil Pitch Falls Flat in Brussels Morgan Stanley: Diesel Export Ban Would Push U.S. Gas Prices Higher Join the discussion | Back to homepage Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,...
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