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2mo ago

Argentina Fast-Tracks $22.5 Billion in RIGI Approvals Including San Matías Pipeline and Major Lithium Expansions

The approvals are meant to turn gas and lithium projects into steady export revenue.

El aval ministerial incluye el gasoducto San Matías y la ampliación de Cauchari-Olaroz, con inversiones que superan los US$2.541 millones en recursos energéticos.
Dos de los proyectos estarán destinados a la producción de litio y otro para la exportación de GNL
El proyecto de mayor magnitud corresponde al gasoducto San Matías, que demandará una inversión estimada de u$s1.300 millones.
Daniel González, secretario coordinador de Energía y Minería, defendió el Super RIGI ante el Congreso

Overview

  • The Ministry of Economy and the RIGI evaluation committee added the Gasoducto San Matías, Posco’s Sal de Oro phase II, and the Cauchari‑Olaroz expansion to the RIGI, a move announced on Friday that was formalized in ministerial resolutions and Boletín Oficial notices.
  • Those additions bring the RIGI portfolio to 18 approved projects with about US$22.5 billion in committed investment according to government tallies.
  • The San Matías pipeline is a US$1.3 billion export‑dedicated route planned to move up to 27 million cubic meters per day from Neuquén to Golfo San Matías and is projected by officials to enable roughly US$2.5 billion a year in GNL exports.
  • Posco’s approved second phase adds a plant to produce 23,000 tonnes per year of lithium carbonate, and Minera Exar’s Cauchari‑Olaroz expansion commits roughly US$1.166 billion to raise capacity to 85,000 tonnes LCE with a 20% local‑procurement pledge.
  • The government is pressing a follow‑on 'Súper RIGI' to attract larger, new‑industry projects even as local industry groups warn that foreign suppliers on big contracts risk displacing Argentine manufacturers and that the regime runs until mid‑2027 unless extended.