Argentine state-controlled hydrocarbons firm YPF expects the US$2.5bn second tranche of the Vaca Muerta Sur oil pipeline to enter the construction phase within the next few months. YPF, which expects to have a 30-40% equity interest, has created a special purpose vehicle (SPV) and is preparing to present the project to the government for inclusion in the Rigi investment incentives regime. In terms of financing, YPF has received letters of interest for around US$1.5bn from international banks.YPF wants to begin exporting LNG.
November 8, 2024
SOURCE: BN AMERICAS
Argentina’s YPF updates US$2.5bn Vaca Muerta Sur project, LNG plans