What is the total investment amount and primary objective of YPF's LNG project submitted under Argentina's RIGI scheme?

The total investment amount for YPF's LNG project is $51 billion, with $29 billion scheduled for initial deployment by startup in 2031. The primary objective is to develop Argentina's Vaca Muerta shale formation into a major liquefied natural gas (LNG) export hub for the international market, using two floating liquefaction units offshore Río Negro with a combined capacity of 12 million tonnes per year, and generating an estimated $10 billion in annual export revenues over two decades.

Which companies are involved in the LNG project, and how does it align with President Milei's economic strategy?

The LNG project is backed by Argentina's state oil firm YPF along with international energy firms Eni and XRG. It directly supports President Javier Milei's economic strategy by leveraging the Vaca Muerta shale play — described in the news as a cornerstone of that strategy — to boost Argentina's financial stability through large-scale energy exports, and it specifically utilizes Milei's Incentive Regime for Large Investments (RIGI), a policy framework launched to attract major investments in strategic sectors.