The National Government has officially launched an important strategic project for the export of Liquefied Natural Gas (LNG) under the Incentive Regime for Large Investments (RIGI). The initial investment for this project amounts to US$ 2.5 billion, with the potential to reach US$ 3 billion, and it is expected to generate more than 500,000 barrels of oil daily starting in 2027.
In addition, other energy projects are under evaluation, such as the construction of a wind farm in OlavarrÃa, which would require an investment of US$ 255 million. In the mining sector, interest is highlighted, with six out of thirteen proposed projects belonging to this activity, which will expand gas export capacity and represent 18% of current national production.
Since the implementation of RIGI last October, 13 investment proposals have been submitted, of which three have already been approved by the evaluation committee. Among the main initial investments are projects related to lithium, such as those submitted by Rio Tinto and Posco, as well as copper, gold, and other mineral mining projects.
The projects encompass a wide range of investments, with amounts ranging from US$ 217 million to more than US$ 1 billion. These investments are expected to boost key sectors of the national economy, attracting foreign capital and generating significant income for the country.
The projects approved so far include the export of liquefied natural gas, the construction of a solar power plant, and a joint project to increase lithium production capacity. These initiatives are expected to not only boost the economy but also provide tax benefits to participating companies, such as tax reductions and the possibility of claiming tax credits.
