BAKU, Azerbaijan, April 14. Eni and Argentina’s state energy company YPF have signed a Memorandum of Understanding (MoU) to evaluate Eni’s potential participation in the Argentina LNG project, an integrated gas development initiative led by YPF, Trend reports.
The project aims to develop gas resources from Argentina’s Vaca Muerta shale formation and reach export capacity of up to 30 million tons per year (MTPA) of liquefied natural gas (LNG) by the end of the decade. The MoU covers the development of upstream, transportation, and gas liquefaction infrastructure through two floating LNG units, each with a capacity of 6 MTPA, totaling 12 MTPA.
According to Eni CEO Claudio Descalzi, YPF’s interest in partnering with Eni is based on its experience with floating LNG (FLNG) projects in Congo and Mozambique. YPF President and CEO Horacio Daniel Marín said the agreement could help accelerate the project timeline, noting growing international interest in gas from Vaca Muerta.
The MoU aligns with Eni’s broader strategy to support the energy transition, expand gas production, reduce emissions, and strengthen energy supply security and competitiveness.
