Eni, YPF ink agreement for participation in Argentina LNG project

Italy's Eni and Argentine state-owned oil and gas company YPF have entered into an agreement for the Argentina LNG (ARGLNG) project.

Eni said the agreement will define the required steps to reach the final investment decision for the phase of the project that would include the production, treatment, transportation and liquefaction installations of gas through floating units, for a total capacity of 12 million tons of LNG per year.

ARGLNG is being developed as a large-scale integrated, upstream and midstream gas development project designed to develop the resources of the onshore Vaca Muerta field and serve international markets. Eni expects the US$50 billion project will be able to export up to 30 million tons of LNG per year by 2030 using a phased approach.

Eni said the agreement, which follows a memorandum of understanding signed on April 14, 2025, "represents a further strategic step forward towards the maturation of the ARGLNG project."