Particle.news
Download on the App Store
15 ARTICLES
·
last mo.

Pumpco–Bonatti Consortium Wins US$1.2 Billion Argentina LNG Gas Pipeline Contract

The award reflects rising foreign competition that lowered finalist bids, with pipe tenders to be launched imminently and a final investment decision expected late 2026 or early 2027.

Image
Image
 Un informe de RICSA ALyC destacó que Vaca Muerta marcó un récord de fracturas en junio, mientras el sector energético alcanzó un superávit comercial histórico pese a la baja del Brent.
Javier Milei y Karina Milei

Overview

  • The consortium formed by Pumpco (MasTec), Italy’s Bonatti and local Contreras Hermanos was formally notified of the civil‑works award on Thursday, July 9, to build the Argentina LNG corridor.
  • The contract covers two parallel pipelines totaling 527 kilometers: a 48‑inch gas trunk and a 24‑inch liquids poliduct, together valued at about US$1.2 billion.
  • YPF‑ENI‑XRG used an inverted electronic auction in which finalists blindly cut bids, a process that increased international competition and compressed prices compared with local offers.
  • Techint‑Sacde lost again after submitting a bid reported about 15% higher, a result that has raised concerns about local industry work and follows recent plant layoffs and political commentaries.
  • Next steps are immediate pipe and materials tenders to be launched in the coming weeks with adjudications expected in two to three months and construction conditional on an FID projected for late 2026 or early 2027.