The president of the Argentine company, Horacio Marín, announced that the Argentina LNG project with ADNOC will create 50,000 jobs. "This is a binding agreement between the three parties to secure financing by the end of the year and begin the works, which will be gigantic," he emphasized. The total infrastructure cost will be $20 billion, with an additional $10 billion allocated for drilling wells. Marín noted that "once the Final Investment Decision is made and financing is secured, and I am convinced we will achieve it, the immense works will begin." "We need to build a 48-inch gas pipeline; nothing that large has ever been built in Argentina. We also need to build oil pipelines, product pipelines, and LPG separation plants: to export fractionated ethane or, hopefully, there will be investments to create more petrochemicals in Argentina," he stated. He also added that they are "working with other potential partners to expand the project to 6 million tons to make it much faster." ADNOC is the fourth-largest oil company in the world, and perhaps there will be a surprise, and you will see the entry of a giant company. "Everything is going to Río Negro, a development hub for Argentina. If achieved, that's 50,000 jobs." This project, according to Marín, will generate $10 billion in exports per year for 20 years. The financing will be between $15 and $16 billion. By the end of the year, all tenders will be ready to begin work.
