TotalEnergies commits $10B to Argentina gas and Vaca Muerta oil under RIGI

TotalEnergies announced $10 billion in investments across three projects in Argentina, targeting gas in Tierra del Fuego and Neuquén and oil in Vaca Muerta, to be submitted under the RIGI incentive regime. This signals a major foreign capital commitment to Argentina's energy sector, potentially boosting production and exports. The move aligns with Argentina's push to attract investment under Milei's reforms, but execution risks remain.