Argentina to bring in second LNG liquefaction vessel in 2028
Argentina's Southern Energy Project said on Friday it has agreed with Golar LNG to a contract for a second liquefaction vessel with a capacity of 3.5 metric MMtpy of liquefied natural gas (LNG). The vessel which should arrive in the country in 2028.
Under Southern Energy, state oil producer YPF and other oil firms are planning to start up Argentina's first liquefaction vessel by 2027.
"One of the world's largest floating LNG projects in Argentina has been confirmed," celebrated Argentina's Economy Minister Luis Caputo on X, saying that together, the two ships should be able to export some $2.5-B worth of LNG annually for the next 20 yr.
"This will involve the construction of a new dedicated gas pipeline to supply two liquefaction vessels on the coast of Río Negro," he added. "With this investment Argentina could be liquefying 26 MMm3d of natural gas from 2027."
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