Malaysia’s state-run oil company Petronas and its Argentine counterpart YPF will jointly invest over $30bn to build a liquefied natural gas (LNG) plant in Sierra Grande, within the Patagonian province of Rio Negro.A technical and economic evaluation process found that the Rio Negro location offered ‘significant’ advantages.This includes shorter pipelines to transport natural gas from Vaca Muerta and greater sea depth in Sierra Grande, reducing the need for dredging to achieve a suitable draft.
August 1, 2024
SOURCE: GAS WORLD
MORE COVERAGE:
Petronas, YPF select Rio Negro for $30bn LNG project