Which companies are signing supply contracts for the $3 billion Argentina NGL project, and what role does this play in advancing the project?

Chevron Corp., state-run YPF SA, and private energy firm Pluspetrol SA are signing supply contracts with TGS SA, the gas company leading the $3 billion natural gas liquids (NGL) project. These three drillers will supply roughly 80% of the project’s capacity, and signing the contracts is described as a step that 'goes hand in hand with TGS giving it the green light, known as the final investment decision,' effectively assuring the project moves forward and helping avoid infrastructure bottlenecks in the Vaca Muerta shale basin.

What is the purpose of the TGS-led NGL project, and how is it being financed?

The project will process natural gas — much of it 'associated gas' produced alongside oil — into exportable natural gas liquids such as butane and propane. TGS will fund part of the $3 billion investment itself, while the remainder will be financed by banks that are 'close to agreeing terms.'

ChemBrief

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Chevron Among Drillers to Feed Key Argentina Shale NGL Venture

Jun 10, 2026

Chevron and partners will sign contracts to supply a $3 billion natural gas liquids project in Argentina's Vaca Muerta shale basin. This move secures the venture's progress and aims to prevent infrastructure bottlenecks while boosting export capacity.

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