This initiative is expected to kick-start Argentina’s LNG exports. Credit: dmplot/Shutterstock.

Pan American Energy is actively seeking to establish contracts with Asian customers for LNG produced by a floating project in Argentina, reported Reuters, citing the company’s vice-president Rodolfo Freyre.  

In July this year, BP’s subsidiary Pan American Energy and marine infrastructure company Golar LNG signed a contract to deploy a vessel that will produce LNG off Argentina’s coast, with operations expected to commence in mid-2027.   

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Golar’s floating LNG (FLNG) vessel Hilli, which has a capacity of 2.45 million tonnes per annum (mtpa), will be repurposed for this project after its current contract in Cameroon concludes in 2026, according to Freyre. 

This initiative is expected to kick-start Argentina’s LNG exports, potentially making the country a new player in the global LNG market.  

“We saw this opportunity that Golar had… so we started working hard with them. And we actually acted pretty quickly to try to sign a contract for a 20-year deal, expecting to have LNG production maybe by 2027,” Freyre said at the GasTech conference. 

See Also:

As per company sources, Pan American Energy has already initiated discussions with potential LNG buyers from several Asian countries during meetings in Houston this week. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Meanwhile, YPF, Pan American Energy’s rival producer in Argentina, is also actively pursuing LNG contracts, with a delegation having visited India last month to negotiate terms, said YPF’s CEO. 

Several oil and gas producers including YPF, Petronas, Tecpetrol and Pan American, are advancing three projects aimed at transforming Argentina into an LNG exporter.  

These projects, which capitalise on the country’s position atop one of the world’s largest shale gas reserves, are projected to require more than $60bn (57.73trn pesos) in total investment. 

The momentum for these projects is further bolstered by new regulations proposed by President Javier Milei’s administration.  

These regulations are designed to encourage large investments, particularly in the LNG development sector, and are expected to guarantee stable LNG export conditions for up to 30 years, mitigating the risk of policy changes that could hinder progress, added Freyre. 

In a separate development, Vista Energy’s CEO, Miguel Galuccio, announced plans earlier this month to invest approximately $1.1bn in expanding operations in Argentina’s Vaca Muerta shale formation this year.