Argentina LNG Sales24 Mar 2026 18:25
ARgentina's largest LNG export deal to Europe will be signed next week
The agreement will be signed between Southern Energy (SESA) and SEFE (Securing Energy for Europe), an international energy company owned by the Federal Government of Germany
An agreement will be signed next week that will seal the largest sale of liquefied natural gas (LNG) from Argentina to the world, both in volume and in terms of time extension. The Agreement will be signed between Southern Energy (SESA) – a strategic consortium made up of PAE (30%), YPF (25%), Pampa Energía (20%), Harbour Energy (15%) and Golar LNG (10%) – and SEFE (Securing Energy for Europe), an international energy company owned by the Federal Government of Germany.
The agreement establishes the export of 2 million tons of LNG per year for a period of 8 years. It is estimated that the operation, subject to the evolution of international prices, could generate revenues of more than USD 7,000 million, providing a genuine source of foreign exchange for the country and strengthening the energy security of the European continent.
The start of operations in Río Negro
Shipments will begin at the end of 2027, at which time the "Hilli Episeyo" will come into operation, the first of the two liquefaction vessels that Southern Energy will install in the San Matías Gulf, in the province of Río Negro.
The volume committed in this agreement is not minor: it represents more than 80% of the production capacity of the initial vessel (which is 2.45 million tonnes per year) and more than 30% of the joint capacity projected when the project is fully completed with both vessels.
Southern Energy's global project seeks to definitively position Argentina in the global LNG market as of 2027. To this end, the company confirmed an investment that will exceed USD 15,000 million over 20 years of operation.
In addition to the macroeconomic impact, the installation and start-up of the project in the San Matías Gulf foresees the creation of 1,900 direct and indirect jobs – predominantly of local origin – and a strong participation of the regional value chain. The final terms of this historic commercial operation will be reflected in a definitive sale agreement that will be closed in the coming months.
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