Banks aim to finalize funding for a 12 million-ton LNG project in Argentina by November, targeting $15 billion in investment.
JPMorgan and Santander are leading a $15 billion financing initiative for Argentina’s LNG project, according to sources. The deal aims to support a facility with an annual production capacity of 12 million tons of liquefied natural gas on the country’s Atlantic coast.
The project involves Italy’s Eni, Argentina’s state-owned YPF, and Emirati firm XRG. A final investment decision is expected by November, sources said. The funding push reflects growing interest in Argentina’s energy sector amid global LNG demand.
No immediate market reaction was reported, but the scale of the financing underscores confidence in Argentina’s energy export potential.