Argentina LNG, the integrated LNG joint venture between YPF, Eni and XRG, has submitted an application to join Argentina’s Large Investment Incentive Regime (RIGI).

Eni reported that this would support the proposed LNG export project drawing on gas from the onshore Vaca Muerta Formation.

The partners plan to develop an integrated LNG value chain, from upstream gas production through export infrastructure.

It would include gas transportation and processing facilities, and two floating liquefied natural gas (FLNG) vessels stationed offshore Río Negro province with a combined liquefaction capacity of 12 MMmt/year.

The partners aim to take FID on the project by the end of this year. If sanctioned, the development would create a new export route for gas from Argentina's Vaca Muerta shale and position the country to expand its presence in global LNG markets.