The US Export-Import Bank (EXIM) has issued a non-binding indicative term sheet for up to $6bn to support Argentina LNG, a proposed $51bn integrated liquefied natural gas (LNG) project in the Vaca Muerta basin.
The project is being led by Argentine energy company YPF in partnership with Italian energy group Eni and Emirati energy company XRG.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The proposed EXIM financing would fund the procurement of US goods and services needed for infrastructure development and production activities.
The financing announcement was made as the US and Argentina launched the Andes-Atlantic Corridor during the United Nations General Assembly (UNGA) High-Level Week.
The initiative is intended to link Vaca Muerta with Atlantic ports through new and upgraded energy, transport, port and digital infrastructure.
The Argentina LNG development includes facilities for processing gas and preparing it for export.
McDermott has been awarded a contract for the engineering, procurement, construction and commissioning of a natural gas liquids fractionation and gas treatment facility.
US engineering and construction company Pumpco, a subsidiary of MasTec, is also working with Italy’s Bonatti and Argentina’s Contreras Hnos. on the project’s export pipeline system.
The companies have been awarded an engineering, procurement and construction contract worth more than $1bn. The contract remains subject to a final investment decision.
The proposed EXIM support forms part of wider US efforts to finance infrastructure projects in Argentina.
EXIM and the Argentine Government have signed the US-Argentina Build the Future Framework to expand economic cooperation.
It is intended to provide up to $7bn in financing by 2027 for projects that increase infrastructure development and productive capacity.
The US International Development Finance Corporation (DFC) may also participate in financing alongside private-sector investors.
The US said its financing agencies and government departments would help prepare infrastructure transactions to international standards and incorporate trusted technology.
A US delegation from the State Department, DFC and EXIM is scheduled to visit Buenos Aires, Jujuy and Salta in October 2026 to identify and advance transactions.
US Deputy Secretary of State Christopher Landau is also due to travel to Argentina later that month to discuss investment and economic growth with public and private-sector representatives.
