Eni, YPF Sign Pact With Adnoc’s XRG for Argentina LNG Project

Eni and Argentina’s YPF signed a a non-binding agreement with XRG, part of the ADNOC Group, regarding the company’s potential involvement in the 12 MTPA liquefied natural gas phase of the integrated upstream-midstream Argentina LNG project, according to an emailed statement.

• ARGLNG is a large-scale, integrated upstream and midstream gas development project designed to develop the resources of the onshore “Vaca Muerta” field
  • Aims at exporting as much as 30 million tonnes of LNG per year by 2030
• Deal establishes framework for cooperation between the parties, with the aim of signing a Joint Development Agreement
• NOTE: Abu Dhabi’s XRG ...