The pipeline will initially transport 180,000 barrels per day of unconventional crude from the Neuquén basin to the Atlantic Ocean starting January 2027, scaling to 377,400 bpd by mid-2027 and targeting 550,000 bpd likely in 2028. At maximum capacity, each day of delayed operations costs Argentina $50 million in lost exports. The project entered the RIGI large investment incentive regime and employs 3,108 workers, with work advancing to 69 percent completion. Future expansions through pumping station enhancements could enable transport exceeding 700,000 bpd and generate annual exports surpassing $17 billion.
The Bolsa de Comercio de Rosario projects Argentina will reach record petroleum production of 54.5 million cubic meters in 2026, representing 16 percent growth over 2025 and surpassing the previous 1998 peak. Unconventional production from Vaca Muerta now accounts for nearly 70 percent of Argentina’s crude output, up from under 25 percent in 2020 and below 5 percent in 2015. Daily extraction is projected to exceed 900,000 barrels in 2026 while conventional production continues declining at 4 percent annually.
YPF simultaneously advances the Argentina LNG project with partners ENI and XRG, targeting expansion from 12 million tonnes per annum to 18 MTPA with potential fourth partner Saudi Aramco. Marín aims to accelerate financing negotiations with JPMorgan and Banco Santander from late June, pursuing final investment decision by year-end for the approximately $20 billion project with operations targeted for 2027.
This article was curated and published as part of our South American energy market coverage.
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