With this incorporation – which will not be the last – PAE remains with 70%, Pampa with 20% and Golar with 10%. As this media learned, in the coming weeks a fourth company will join and then arrive YPF. In total, for now, there will be five shareholders.
“From YPF we are going to join this initiative that marks a milestone in the energy industry of our country and that represents a great step to be able to carry out our Argentina LNG project, with which we hope to export US$15,000 million in LNG to 2030″wrote the CEO and president of YPF, Horacio Marinon social networks after congratulating PAE for registering the project Large Investment Incentive Regime (RIGI).
Horacio Marín Marin YPF
Mariano Fuchila
“Thank you very much Horacio. “We are going to work together with YPF to carry out the great Argentina LNG project and for Argentina to be a great supplier of LNG to the world.”responded Marcos Bulgheroni, CEO of PAE, on Linkedin.
Marcos Bulgheroni Group CEO of PAE
What the PAE LNG project is about
He project led by Pan American Energy will allow export 11.5 million cubic meters per day of natural gas. Through an investment of 2.9 billion dollars in the next 10 years, and which is expected to reach almost 7 billion dollars Throughout its useful life, the project will allow the installation and operation of the liquefaction vessel “Hilli Episeyo ” of Golarhired by Southern Energyto bring it to the San Matías Gulf, on the coast of Río Negro.
The vessel, which is now in Cameroon, has a production capacity of 2.45 million tons of LNG per yearequivalent to 11.5 million cubic meters per day of natural gas.
“This project, which recently applied to join the RIGI, will allow Argentina to position itself in the global LNG market, where the country still does not have participation,” the companies highlighted.
As far as he could know Energy Reportthis initiative was noted in the Regime as ““Long-Term Strategic Export Project”according to the specification of the Base Law and regulatory decree 749/2024. According to PAE, they estimate operations for at least 20 years.
In addition, they assured that it will favor the creation of jobs and the development of the entire natural gas value chain with a high participation of local suppliers, who will provide more than 50% of the goods and services required during the operation of the project.
As estimated PAEwith this initiative more than 600 new jobs direct and indirect, predominantly local originduring the construction phase. Meanwhile, in the operation stage, around 850 jobs directly and indirectly.
As revealed Energy Report, with the first stage of LNGPAE, Pampa, Golar and other possible partners that will soon join expect to generate exports of US$750/US$800 million annually. But they are already thinking about the second, which would imply an additional investment for the construction of a dedicated gas pipeline of more than 600 km direct from the heart of Vaca Muerta to the San Matías Gulfbetween the towns of Sierra Grande and San Antonio Oeste, with which exports could be generated that would exceed the US$1 billion a year, with LNG sales all year round.
Why did PAE choose Río Negro for its LNG vessel?
The location was defined based on the own characteristics ship operationthe bathymetry studies (measuring the depths of the sea to determine the topography of the seabed) and the oceanographic conditions (tides, waves, winds and currents) of the site.
As they noted, The conditions of the San Matías Gulf are similar to those that exist in the vicinity of Kribi, Cameroon, where the Hilli Episeyo It has already produced more than 8 million tons of LNG and loaded more than 120 LNG tankers.
Boat PAE.jfif
“The operational availability in the San Matías Gulf is very high and was decisive for the choice of the site: its anchoring depth of approximately 35 meters allows safe operation and without draft restrictions”, the companies stood out.
Furthermore, studies of surf and of winds They were also considered for the election. The ship, the equipment and systems installed on board, are designed to guarantee its operability with surf up to four meters, they stressed.
Along these lines, they added that in the San Matías Gulf it is expected that in the 99% of time the waves do not exceed the 2.5 metersso it is guaranteed a safe operation.
What the businessmen of Pampa and PAE said about this incorporation
Gustavo MarianiCEO and vice president of Pampa Energyexplained why they joined the project. “We decided to join because we consider it to be a very important project for the country to become a world exporter of liquefied natural gas.”he maintained.
Gustavo Mariani CEO Pa_opt.jpeg
“This will help consolidate macroeconomic stability, transforming the immeasurable reserves we have underground into currencies that will magnify the trade surplus policy”Mariani added.
Rodolfo Freyrevice president of Gas, Energy and Business Development of Pan American Energymaintained that “unconventional natural gas from Dead Cow It is competitive with the best resources worldwide and needs to develop new markets to consolidate its growth.
RODOLFO FREYRE.jpg
Ignacio Petunchi
In that sense, he urged other companies to join. “LNG will open the door to the world for us and with Southern Energy we seek to be a reliable supplier for the global market. This project, to which Pampa Energía is joining today, is the first step of a path that will be developed in stages and that must involve to the entire industry”, he posed.
Source: Ambito
