TGS nears $1.4B loan for Vaca Muerta megaproject; US agency offers $500M

Argentine energy firm TGS is close to closing a $1.4 billion syndicated loan from JP Morgan, Santander, Citi, Itaú, Deutsche Bank, BBVA, and ICBC for its Vaca Muerta megaproject, with a U.S. government agency proposing an additional $500 million. The total project cost is estimated at $3 billion, indicating a significant financing gap remains. This signals strong international lender confidence in Argentina's shale potential and could accelerate Vaca Muerta development, boosting energy exports and investment.