The company made up of PAE, YPF, Pampa Energía, Harbor Energy and Golar LNG, will position the country in the world LNG market. The installation of the “Hilli Episeyo” ship constitutes the first phase of the “Argentina LNG” project led by YPF.
YPF announced on Thursday its incorporation into PAN American Energy (PAE) and Glace LNG project in Río Negro. He project led by PAN American Energy will allow export 11.5 million cubic meters to the natural gas day. This will allow Industry and Argentina take the first step to position itself as a new supplier in the world LNG market from 2027.
YPF will have a 15% participation in the Southern Energy company, created by Pan American Energy -that Alejandro Bulgheroni -presides From its operations in Vaca Muerta.
“This firm constitutes another important step to promote Argentina LNG that we lead from YPF but that we develop with all the actors in the industry. Therefore, forming this alliance with PAE, Pampa Energía, Harbor Energy and Golar is strategic to specify this project that will transform the country into the next 10 years, ”he said Horacio Marín, President and CEO of YPF.
From the income of YPF, the partners of Southern Energy will have the following shareholding participation: PAE (40%), Pampa Energía (20%), YPF (15%), Harbor Energy (15%) and set LNG (10%) .
YPF Mindlin, Bulgheroni, Marin and Cancelo.jpg
Of the signing of the agreement participated Horacio MarinPresident and CEO of YPF; Marcos BulgheroniCEO of Pan American Energy; Nicolás MindlinExecutive Vice President of Pampa Energía; and Mariano Cancelo, Managing director of Harbor Energy.
The process will be developed in stages. The Installation of the “Hilli Episeyo” in 2027 constitutes The first phase of the “Argentina LNG”project that provides for the participation of the entire industry, and which includes the production of gas in dedicated blocks in Vaca Muerta, its transport through dedicated gas pipelines and a processing terminal (Offshore/onshore) in the province of Río Negro .
Southern Energy An estimated investment of US $ 2,900 million over the next 10 years is scheduled. Throughout the 20 years of project useful life, the estimated total investment will be US $ 7,000 million throughout the value chain. The liquefaction ship, installed in the province of Río Negro, will favor the creation of employment, the development of local suppliers, the introduction of new productive and technological processes and will generate exports of products that are currently not exported in international markets, accessing new export destinations.
The “Hilli Episeyo” liquefaction ship will have a production capacity of 2.45 million tons per year of LNG, equivalent to 11.5 million cubic meters natural gas, providing the start of the commercial operation in 2027.
Source: Ambito
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