Vice President Cristina Fernández de Kirchner assured this Thursday that “the Argentina LNG project will modify the energy matrix” of the country, after meeting with directors of the YPF and Petronas companies, who announced an alliance to build a liquefied natural gas plant.
“I have just met with directors of YPF and Petronas, the Malaysian state oil company, who today announced an alliance to build an LNG plant in Argentina. They have been working together since 2014 on the development of Vaca Muerta. Yes, the field that we recovered in 2012,” he stated on his Twitter account.
It is the most important infrastructure project in recent decades. It will have an investment of 10,000 million dollars, in the first stage, which will allow us to produce up to 5 million tons of LNG per year and become exporters.
– Cristina Kirchner (@CFKArgentina) September 1, 2022
The announcement of the Alliance between YPF and Petronas for the Industrialization of Unconventional Gas It was held in an act at the National Auditorium of the Kirchner Cultural Center, headed by President Alberto Fernández.
In a message thread on the social network, Fernández de Kirchner stressed that it is the “most important infrastructure project in recent decades.”
It will have an investment of 10,000 million dollars, in the first stage, which “will allow us to produce up to five million tons of LNG a year and become exporters,” he stressed.
The Argentina LNG project will modify the energy matrix of our country and will have a direct impact on the national economy, increasing exports, generating foreign exchange, jobs and the development of new industries.
– Cristina Kirchner (@CFKArgentina) September 1, 2022
After recalling that today Argentina imports around 35 LNG ships per year, he assured that “when the plant reaches its maximum production capacity, Argentina will be able to export more than 460 ships per year, making LNG one of the main foreign exchange generators for the country”.
“The Argentina LNG project will modify the energy matrix of our country and will have a direct impact on the national economy, increasing exports, generating foreign currency, jobs and the development of new industries,” he remarked.
And, after considering that this is “great news for the future of Argentina”, he thanked the directors of Petronas and the Malaysian ambassador for today’s visit and, above all, “the trust in our country”. .
