Argentina’s opportunity to supply LNG to the world

Argentina LNG represents one of the most important energy initiatives in our country’s history. Once completed, it will unlock the full value of Vaca Muerta’s vast gas resources and generate annual exports of approximately $12-$15 billion starting in 2030, firmly placing Argentina on the map of global LNG producers.

This is not just an energy project — it is a transformational opportunity to position Argentina as a reliable energy provider to the world. In the current global context, liquefied natural gas has further strengthened its position as a vital source of energy supply. Demand for liquefied natural gas accounts for more than a third of global natural gas trade and is projected to double by 2050. It is expected to grow steadily over the next two decades, particularly in Asia and Europe, where energy security and diversification have become top priorities.

Cost-competitive natural gas

The potential of Vaca Muerta, the second-largest shale gas reserve in the world, is the foundation on which we will build this project. It will allow us to connect our abundant and cost-competitive natural gas with global markets that demand greater security, diversity, and long-term supply stability.

Argentina LNG is a fully integrated project that covers the entire LNG value chain — from natural gas production in Vaca Muerta, its transportation, liquefaction through floating units (FLNG), and subsequent commercialisation. Argentina LNG will be developed in three phases to reach a total capacity of production of 30 mtpa. Moreover, floating liquefaction technology (FLNG) provides a scalable, flexible, and cost-efficient solution for fast-tracking Argentina’s entry into global LNG markets.

It will be located on the coast of Río Negro Province and is being developed under the Regime for Incentives to Large Investments (RIGI), a legal framework established by the national government. It provides legal security, including international arbitration, and stability for 30 years in tax, customs, monetary, and regulatory, all essential for long-term investment.

YPF’s strategic alliances

To make the project a reality, YPF is forging strategic alliances with domestic energy leading companies such as PAE and Pampa, as well as global players like Shell and Eni. Each partnership has unique characteristics and timelines, but all contribute toward the common goal of reaching 30 mtpa of LNG exports by 2030.

On the demand side, YPF has carried out extensive outreach to present the project through roadshows in Asia, Europe, and India. As a result, we now have a robust portfolio of potential offtakers.

For Argentina, this project is not only about energy — it is also about economic development. LNG exports at this scale will create high-quality jobs, stimulate regional economies, and help stabilise Argentina’s macroeconomic fundamentals. Forecast to generate more than US$ 100 billion investment over the next 20 years, this project is destined to establish the country as one of the world’s top LNG exporters.

YPF is leading this project with the support and engagement of all key players in the industry, ensuring its strategic and efficient execution. When the Argentina LNG project is completed in its three phases, it will nearly double the country’s current gas production.

The time is now. The world is moving toward long-term supply contracts and increasingly value diversification. Argentina is well positioned to meet this demand. Our gas is abundant, cost-competitive, and with this project, we are building the infrastructure to reach globally.

Argentina LNG is not only a milestone for YPF — it is a decisive moment for our country. The world needs reliable energy. Argentina can deliver it.