YPF to receive up to $6B financing proposal for LNG project from U.S. Export-Import Bank (YPF:NYSE)

Argentina discussed potential investment-grade status and a US$7 billion energy package in New York. The US State Department committed up to US$7 billion for Argentina's energy projects, including US$6 billion for Argentina LNG, but no contracts were signed. Meanwhile, Argentina's market saw increased borrowing costs, with the Merval index down 0.94%.

Burford Capital refiled a claim against Argentina at the World Bank's arbitration center, seeking compensation for the 2012 expropriation of YPF shares. The case, previously dismissed in New York, seeks damages under the Argentina-Spain investment treaty. The claim amount is undisclosed, and the process could take years. YPF's shares are traded under the ticker YPF.

Gastech 2026 in Bangkok saw $40 billion in energy agreements, including LNG supply deals, power generation investments, and petrochemical projects. Key players like China Gas Holdings, Venture Global LNG, GE Vernova, and PETRONAS announced major deals, highlighting the event's role in global energy dealmaking.

Brent and WTI crude oil prices rose 2.9% and 4.4% respectively due to a Saudi pipeline outage. USO, a WTI-tracking fund, gained 3.32%. Petrobras, Ecopetrol, and YPF shares increased 2.93%, 2.93%, and 2.27% respectively. The outage disrupted 4-5 million barrels per day, impacting global supply.

Oil prices rose on Monday due to Saudi Arabia's East-West pipeline shutdown, with WTI and Brent futures increasing. The United States Oil Fund (USO) gained 1.14%, while Latin American energy companies saw mixed results: YPF rose, Petrobras slipped, and Ecopetrol was flat. The shutdown highlights supply concerns and potential market impacts.

YPF's CEO said the company is near signing 2-3 LNG contracts, with a final investment decision targeted for November. The $24B project involves 2 floating units with 12M tonnes/year capacity, fed by a 527km pipeline from Vaca Muerta. YPF holds 36%, Eni 32%, and XRG 32%.