YPF and Río Negro agree on the provincial regulatory framework for the development of the Argentina LNG project

YPF and the Government of the Province of Río Negro signed a memorandum of understanding that establishes the regulatory and institutional cooperation framework intended to drive the development of the Argentina LNG project, one of the country's most strategic energy initiatives. The signing was led by the president and CEO of YPF, Horacio Marín, and the governor of Río Negro, Alberto Weretilneck.

The understanding seeks to provide legal predictability, regulatory stability, and clear conditions for the execution of the project, with the goal of positioning Argentina as a reliable supplier of liquefied natural gas in international markets.

Fiscal stability and predictability for 30 years

One of the central points of the agreement is the granting of fiscal and regulatory stability for a period of 30 years, in complement to the Large Investment Incentive Regime (RIGI). This scheme aims to create a framework of predictability for investors that participate in the entire value chain of the LNG project.

In addition to tax aspects, the memorandum sets clear conditions in regulatory matters and other non-tax factors considered key for the execution of the project within the provincial territory, reducing risks and facilitating long-term investment decision-making.

YPF highlights the strategic nature of the project

During the signing of the agreement, YPF president and CEO Horacio Marín emphasized the importance of the understanding for the country's energy development. "This joint framework represents a key step toward advancing a strategic project that will position Argentina as a reliable energy supplier for the world, will create quality jobs, and will promote long-term investment", he stated.

The company highlighted that Argentina LNG is a central pillar for monetizing Vaca Muerta's potential, increasing energy exports, and strengthening foreign currency generation.

Río Negro as a key player in the energy transition

Meanwhile, Governor Alberto Weretilneck underscored the province's role within the national energy transformation process. "Río Negro is a leading player in Argentina's energy transition, but projects like this one are also the foundation of a deep change in Río Negro's productive matrix", he maintained.

The provincial leader indicated that the development of Argentina LNG will not only impact the energy sector, but will also contribute to regional economic growth, productive diversification, and the creation of genuine employment.

Technical training and local employment

In addition to the fiscal and regulatory framework, the agreement incorporates a Technical-Professional Training Program intended to strengthen local capacities and promote employment in the project's area of influence. The initiative will be promoted jointly by YPF, the companies linked to Argentina LNG, Fundación YPF, and the educational institutions designated by the Province.

The program aims to train the human resources necessary for the development of the LNG value chain in Río Negro, creating training opportunities for young people and local workers and consolidating a skilled labor base to support the project's growth.