Eni, YPF sign MOU for Argentina LNG project development

GlobalData

Tue, Apr 15, 2025, 4:31 AM 1 min read

Eni has signed a memorandum of knowing (MOU) with YPF to research imaginable information successful the Argentina LNG (liquefied earthy gas) project.

The MOU was signed by Eni's CEO, Claudio Descalzi, and YPF president and CEO Horacio Daniel Marín.

Led by YPF, the inaugural aims to pat the Vaca Muerta onshore state field, with plans to export up to 30 cardinal tonnes per twelvemonth (mtpa) of LNG by the extremity of the decade.

The MOU outlines collaboration connected the improvement of upstream, proscription and liquefaction facilities done 2 floating LNG units with a combined capableness of 12mtpa.

Descalzi stated: “YPF's prime of Eni arsenic a strategical spouse stems from the circumstantial and distinctive know-how we person developed successful FLNG [floating LNG] projects successful Congo and Mozambique, and from the designation of our planetary enactment successful implementing projects with this technology.”

This statement aligns with Eni's strategy to enactment the vigor modulation by enhancing state accumulation and minimising emissions, targeting c neutrality by 2050.

Marín said: "We are precise pleased to motion this statement with Eni, which would let america to accelerate the timeline for the Argentina LNG project. We spot large involvement worldwide, some from ample accumulation companies and from countries seeking to acquisition state from Vaca Muerta."

Also, this month, Argentina has commenced state exports to Brazil from the Vaca Muerta shale formation, utilizing Bolivian pipelines.