YPF sees Argentina LNG project capex of about US$29 billion through 2031
YPF•YPF expects approximately US$29 billion in capital spending through 2031 for its Argentina LNG project, part of an estimated US$51 billion investment over the project’s life. The project targets 60%-70% debt financing, with a final investment decision expected in November 2026.
1. Project investment
YPF expects approximately US$51 billion in investment over the Argentina LNG project’s life, including approximately US$29 billion in capital spending through 2031. The project targets 60%-70% debt financing, and US EXIM Bank has offered a nonbinding financing proposal of up to US$6 billion.
2. Export timeline
A final investment decision is expected in November 2026. The first floating LNG vessel is scheduled to be ready for startup in 2030 and the second in 2031, bringing planned export capacity to approximately 12 million metric tons annually.
3. Ownership
YPF holds 36% of the project, while Eni and XRG each hold 32%.
