Camuzzi Gas Inversora and Vitol signed a Memorandum of Understanding (MoU) in connection with development of the LNG del Plata project.
Vitol could purchase up to 100% of production and will evaluate an equity stake in the project.
The development is sited at the Port of La Plata in Buenos Aires province with an initial capacity target of about 2.4 million tonnes/year of LNG. Feedgas would be sourced from Vaca Muerta, with estimated requirements of 8-10 MMcmd, depending on process efficiency and gas composition.
The project envisages a floating liquefaction solution (FLNG), with an offshore unit positioned off the coast of Ensenada and connected to shore via subsea pipeline. The design integrates gas processing, liquefaction, and cryogenic storage within the floating unit, with LNG transferred to carriers through ship-to-ship operations.
The project is estimated to require investment of US$3.9 billion, which is expected to cover provision or conversion of the FLNG unit, offshore infrastructure, subsea connection, port upgrades, and integration with the transmission system.
At the same time, Camuzzi Gas Inversora—whose core business is regulated natural gas distribution through its subsidiaries Camuzzi Gas Pampeana and Camuzzi Gas del Sur—is advancing LNG del Plata as part of a broader diversification strategy into gas monetization infrastructure.
About the Author
Camilo Ciruzzi
South America Correspondent
Ciruzzi is a journalist based in the Argentine province of Río Negro. He has over 30 years of experience in radio and print media. Ciruzzi studied Communication Sciences at the University of Buenos Aires and specialized in energy, political economy, and finance.