Argentina signs the largest LNG export contract in its history
Argentina signs the largest LNG export contract in its history
porEditorial Team
Argentina
The agreement consolidates Argentina as an international energy supplier.
Argentina took a historic step in the global energy market. The Southern Energy consortium sealed in Berlin the largest liquefied natural gas (LNG) export contract signed by the country in terms of
volume and deadline.
The agreement consolidates Argentina as an international energy supplier. In addition, it opens a new phase for the monetization of Vaca Muerta gas
.
A multi-million dollar contract with global impact
,
Southern Energy, comprised of Pan American Energy, YPF, Pampa Energía, Harbour Energy and Golar LNG, signed a contract with SEFE (Securing
Energy for Europe).
The agreement envisages the sale of 2 million tons of LNG per year for eight years. Deliveries will begin in late 2027
.
Depending on the evolution of international prices, the contract could generate revenues of more than USD 7 billion during its term.
Argentina signs the largest LNG export contract in its history
The key role of the Hilli Episeyo
The
supply will begin with the entry into operation of the Hilli Episeyo liquefaction vessel.
It will be the first one that Southern Energy will install in Golfo San Matías, in the province of Rio Negro.
The committed volume represents more than 80% of the ship's productive capacity.
It is also equivalent to more than 30% of the combined capacity of the two planned liquefaction vessels.
This is a strategic contract. It doesn't just ensure long-term demand. It also provides financial predictability for project development
.
Record investment and foreign exchange generation
The initiative, led by Pan American Energy, envisages an investment of more than USD 15 billion over 20 years
.
The project also includes the construction of a 480-kilometer gas pipeline to the port of San Antonio Oeste.
The consortium highlighted that the revenues will make it possible to transform the potential of Vaca Muerta into concrete dollars for the country. In a context where foreign exchange generation is central to macroeconomic stability, the agreement represents a genuine source of external income
. Argentina signs the largest LNG export contract in its history
Argentina, a new strategic player in Europe Europe
, is going through a process of energy diversification.
The need to reduce geopolitical risks opened opportunities for new suppliers.
With this contract, Argentina positions itself as a strategic partner for European energy security. In fact, SEFE will be the first German company to receive Argentine shipments and the country's first long-term global LNG customer
.
The agreement confirms that the country can join the major leagues of global energy trade.
The export of LNG is no longer a promise. It is a concrete reality that projects Argentina as an emerging energy power
