State Energy Firm YPF Approves Thirty Billion Dollar Patagonian Liquefied Natural Gas Terminal
Argentine state-backed energy company YPF and its international partners have finalized plans to build a massive liquefied natural gas export facility on the coast of Rio Negro. Backed by new national investment incentives, the thirty-billion-dollar project will allow Argentina to export vast volumes of Vaca Muerta shale gas to Europe and Asia, fundamentally altering the country's trade balance.