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.
