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Italy's Eni signs MoU with Argentina's YPF on LNG project - Finance news and analysis from Global Banking & Finance Review
Finance

Italy's Eni signs MoU with Argentina's YPF on LNG project

Published by Global Banking & Finance Review

Posted on April 14, 2025

1 min read

· Last updated: April 14, 2025

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Eni and YPF Sign MoU for Argentina LNG Development

(Reuters) - Italian energy group Eni said on Monday it signed a memorandum of understanding (MoU) with Argentine state-run oil producer YPF on its possible participation in an liquefied natural gas (LNG) project in Argentina.

The Argentina LNG project aims to develop the onshore "Vaca Muerta" gas field and supply international markets by exporting up to 30 million tons per year (Mtpa) of LNG by the end of the decade, Eni said in a statement.

The MoU signed by the two companies concerns the development of upstream, transportation and liquefaction facilities for gas using two floating LNG units of 6 Mtpa each, for a total of 12 Mtpa.

(Reporting by Laura Contemori, editing by Alvise Armellini)

Key Takeaways

  • Eni and YPF signed a MoU for an LNG project in Argentina.
  • The project focuses on the Vaca Muerta gas field.
  • Plans include exporting up to 30 million tons of LNG annually.
  • Development involves upstream, transportation, and liquefaction.
  • Two floating LNG units will be used, each with 6 Mtpa capacity.

Frequently Asked Questions

What is the main topic?
The main topic is the MoU between Eni and YPF for a liquefied natural gas project in Argentina.
What does the LNG project involve?
The project involves developing the Vaca Muerta gas field and exporting LNG using two floating units.
How much LNG is expected to be exported annually?
The project aims to export up to 30 million tons of LNG per year by the end of the decade.

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