finance.yahoo.com

JPMorgan and Santander to lead $15B Argentina LNG financing push

JPMorgan Chase logoJPMorgan Chase
Sig4.15Sen+2.30Env-4.30Soc0.00Gov0.00
Santander logoSantander
Sig6.25Sen+2.40Env-6.70Soc-1.20Gov0.00

JPMorgan and Santander are set to lead a fundraising operation for an Argentina LNG project that could reach $15 billion, Bloomberg reports. The facility, backed by Eni, YPF, and XRG, would be built on Argentina’s Atlantic coast with 12 million tons annual capacity, potentially rising to 18 million. The overall project is priced at about $24 billion, including floating liquefaction trains, pipelines, and an NGL plant.

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