Citigroup, Banco Santander SA and JP Morgan are among lenders working on a roughly $1 billion finance package for a project by Transportadora de Gas del Sur SA in Argentina’s Vaca Muerta shale formation, according to people familiar with the matter.

Argentine provinces are tapping global bond markets at the fastest pace in nearly a decade, even as the federal government sticks to short-term debt in the local market amid investor fears over the 2027 elections.

Shares of Satellogic, which builds satellites in Uruguay, are up more than 250% this year.