Golar LNG Consortium Secures $900M Loan for Vaca Muerta-Rio Negro Pipeline
GLNG sits 44% above its 52-week low of $35.02 on light trading volume (0.3× avg).
Summary
Golar LNG is part of a consortium that secured a $900 million project finance loan for the San Matias Pipeline, a 472-km link from Vaca Muerta to the Rio Negro coast. The pipeline is expected to cost $1.3 billion total, with construction starting in August 2026 and completion by mid-2028. This is a significant step for Argentina's LNG export ambitions and directly involves Golar LNG, which will supply floating LNG vessels to the project. The loan reduces financing risk for the pipeline and strengthens Golar's position in the growing Vaca Muerta gas export market. This follows Golar's recent $600 million revolving credit facility and Q2 earnings beat, indicating continued expansion. Watch for further project milestones and any additional capital commitments from Golar.
At the time of this announcement, GLNG was trading at $50.44 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $35.02 to $57.79. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.