Argentina LNG: YPF and Eni sign key memorandum to export gas from Vaca Muerta

The state oil company YPF and the Italian energy company Eni signed a Memorandum of Understanding (MOU) to advance a new stage of the ambitious Argentina LNG project, which aims to turn the country into a reliable global supplier of liquefied natural gas (LNG).

A strategic agreement to export gas from Vaca Muerta

The agreement was signed by the president and CEO of YPF, Horacio Marín, and the CEO of Eni, Claudio Descalzi, and includes the comprehensive development of a phase of the project that includes:

• Gas production in Vaca Muerta
• Its transportation
• Liquefaction through floating units
• And LNG export

Specifically, it is planned to install two floating liquefaction units with a capacity of 6 million tons per year (MTPA) each, totaling 12 MTPA, a significant figure for the global natural gas trade.

"We are extremely pleased to sign this agreement with Eni, which will allow us to accelerate the timeline of the Argentina LNG project. We see great global interest, both from large companies and gas-buying countries from Vaca Muerta," highlighted Horacio Marín.

Meanwhile, Claudio Descalzi emphasized that YPF's choice of Eni "reflects the experience and global leadership we have developed in similar projects in Congo and Mozambique."

Export potential for Argentina

The Argentina LNG project is presented as a strategic milestone in the quest to monetize the vast unconventional gas resources of Vaca Muerta. If fully realized, it is estimated that it would generate exports worth 30 billion dollars by 2030, a key figure for the country's economic development.

Additionally, it is framed in a favorable global scenario for LNG, as:

• It represents more than a third of the global gas trade
• LNG demand is projected to double by 2050

This context positions LNG as a key source of reliable energy, amid a growing quest to diversify sources and reduce pollutant emissions.

Eni, a company with a great track record in Italy and the world

Eni is a global energy company based in Italy. With a presence in more than 60 countries, it operates across the entire energy value chain and has consolidated its leadership in LNG projects in various regions of the world.

With this agreement, YPF consolidates its leadership in the realization of the Argentina LNG project and strengthens its strategy for Argentina to become a relevant player in the global energy trade.