Argentina LNG, a joint venture of Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG, has submitted its application to join Argentina’s large investment incentive regime (RIGI), supporting the development of the large-scale LNG export project with a total investment of $51 billion.
Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG are still targeting a final investment decision on the 12 mtpa Argentina LNG project by the end of this year, according to YPF CEO Horacio Marin.
Shipbuilders Conrad and Samsung Heavy received approval in principle from classification society ABS for the basic design of a 12,000-cbm LNG bunkering articulated tug-barge (ATB) intended for construction in the United States.
Italian energy firm Eni said on Wednesday that its previously announced sale of a 25 percent stake in the Congo LNG project to energy trader Vitol was not finalized.