MidOcean Energy, with shareholders from the United States, Japan, and Saudi Arabia, holds critical stakes in major LNG projects across Australia, Peru, and Canada, including assets such as Gorgon LNG and Peru LNG facilities that cover the full value chain from production to export. Their expansion positions them as a relevant market player with significant experience in global LNG markets. In South America, Peru LNG—where MidOcean holds a 35% share—serves as a benchmark for Argentina’s strategic objectives in LNG.
Argentina’s government is advancing export contracts and infrastructure development, including deploying floating liquefied natural gas (FLNG) units, with the Hilli Episeyo arriving in 2027 and subsequent units under construction. The YPF-led Argentina LNG project, partnered with ENI and soon a new partner replacing Shell and Petronas, aims at an initial 12 million tons annual capacity, potentially expanding to 18 million tons. This project alone targets exports valued at approximately $200 billion over 20 years, equating to around $10 billion per year.
Global LNG demand, driven by Asia and Europe’s diversification needs and post-crisis energy recalibrations, is expected to surge to 600-700 million tons annually by 2035, providing a lucrative backdrop for Argentina’s export ambitions. The meeting with MidOcean Energy demonstrates Argentina’s push to capitalize on this trend by integrating private investment, regulatory clarity, and infrastructure development, positioning the country as a rising LNG exporter from Latin America.
This article was curated and published as part of our South American energy market coverage.
