Argentina LNG, sponsored by Argentina's state-owned YPF, Italy-based Eni and ADNOC's international investment arm XRG, has applied to participate in Argentina's Large Investment Incentive Regime (RIGI) for its $51 billion integrated liquefied natural gas (LNG) project. This project, which would transform natural gas from the Vaca Muerta formation into LNG for export, represents the largest private investment in Argentina's history and the largest proposed under the RIGI framework to date. The project is expected to generate around $10 billion in export revenues per year over 20 years, with investment projected to reach $29 billion by 2031.