TotalEnergies Plans $10 Billion Argentina Energy Investment
TotalEnergies said during Argentina Week in Paris that it plans to commit about $10 billion to Argentine energy projects over 10 years, including shale gas, shale oil and offshore gas developments. The program covers Vaca Muerta, Tierra del Fuego and the Neuquén Basin, while Eni is advancing an Argentina LNG project with YPF and XRG. Eni expects to decide on proceeding before the end of 2026, with the project targeting 12 mtpa of LNG production in 2030 from two FLNG units.
Why it matters
The plan could expand TotalEnergies' Argentine oil and gas output and increase future export supply from Vaca Muerta. YPF stands to remain a partner in the associated Argentina LNG development, but the timing and scope of the projects remain subject to further decisions and implementation.
Key facts
- 1TotalEnergies plans to invest about $10 billion in Argentina across several projects, with spending deployed over 10 years. jpt.spe.org
- 2The proposed allocation includes $4 billion to $5 billion for shale gas, $5 billion for shale oil and $1.5 billion for offshore gas. jpt.spe.org
- 3Eni expects a go-ahead decision for Argentina LNG by the end of 2026, with planned production of 12 mtpa in 2030. jpt.spe.org
- 4Argentina LNG is being developed by Eni with YPF and XRG and is designed around two FLNG units, each with a capacity of 6 mpta. jpt.spe.org
- 5TotalEnergies targets 4% annual growth in overall energy production through 2030, while its oil and gas production target is more than 3% annual growth between 2025 and 2030. jpt.spe.org
Open questions
- The stated project allocations total between $10.5 billion and $11.5 billion, while TotalEnergies' announced overall commitment is about $10 billion; the relationship between these figures has not been clarified.
- The materials do not provide a detailed disbursement schedule or implementation timetable for TotalEnergies' projects.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.