JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
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Key Facts
- Fact 1: JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion.
- Fact 2: The facility is to be built on Argentina’s Atlantic coast and have an annual production capacity of 12 million tons of liquefied gas, potentially ramping up to 18 million tons, according to the companies involved.
- Fact 3: The project has a total price tag of $24 billion and will include, besides two floating liquefaction trains, two cross-country pipelines and a plant for the production of natural gas liquids, the Bloomberg report also said.
- Fact 4: The sum is higher than Argentina’s loan agreement with the International Monetary Fund, which stands at $20 billion.
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
The Argentina LNG project is a partnership between Italy’s Eni, Argentinian state energy major YPF, and Emirati XRG. The facility is to be built on Argentina’s Atlantic coast and have an annual production capacity of 12 million tons of liquefied gas, potentially ramping up to 18 million tons, according to the companies involved. The project has a total price tag of $24 billion and will include, besides two floating liquefaction trains, two cross-country pipelines and a plant for the production of natural gas liquids, the Bloomberg report also said.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: OilPrice.com
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