Who are the lead financiers and equity partners behind the Argentina LNG project, and what is the scale of the financing being arranged?

JPMorgan Chase & Co. and Banco Santander SA are leading the financing arrangement of around $14 billion to $15 billion for the Argentina LNG project. The equity partners are Argentina’s state-run YPF SA, Italy’s Eni SpA, and Abu Dhabi’s XRG, each holding roughly equal stakes. The total project cost is estimated at $24 billion, making it unprecedented in Argentina and larger than the government’s $20 billion agreement with the International Monetary Fund.

What is the planned capacity and structure of the Argentina LNG facility, and when is the final investment decision expected?

The Argentina LNG project will feature an offshore LNG terminal on Argentina’s Atlantic coast with a production capacity of 12 million tons per year, positioning it among the world’s largest floating liquefaction facilities. The full package includes two floating liquefaction vessels, two cross-country pipelines, and a natural gas liquids plant. The partners aim to take a final investment decision in late November, according to a person familiar with the matter.

JPMorgan, Santander Lead Financing of Up to $15 Billion for Argentina LNG Project

Aug 24, 2026

JPMorgan and Santander lead a $15 billion financing deal for the Argentina LNG project, a joint venture between YPF, Eni, and XRG targeting exports of shale gas. The partners aim for a final investment decision in late November amid Argentina's energy sector reforms.

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