YPF, Eni, and XRG, the foundational project partners, have signed a binding Joint Development Agreement (JDA) to advance Argentina LNG. This large-scale integrated gas and liquefaction project aims to unlock Argentina’s Vaca Muerta shale basin and position the country as a long-term global LNG supplier.
Argentina LNG is set to deliver 12 million tonnes per annum (mtpa) of LNG capacity through two floating LNG facilities with a capacity of 6 mtpa each. The project encompasses the entire value chain, including production, processing, transportation, and LNG export infrastructure.
The signing of the JDA represents a significant step for the initiative. It establishes a framework for the partners to progress through the next stage of development, commencing Front-End Engineering Design (FEED) and related activities. These include engineering, technical structuring, as well as crucial commercial and financing workstreams.
Mohamed Al Aryani stated that “Argentina LNG’s potential is significant, and this agreement marks an important milestone in the project’s development. YPF, Eni and XRG share the ambition to progress a large-scale LNG project that supports reliable, flexible energy supply to international markets while creating long-term value for partners and local communities.”
Horacio Marín noted, “This new step marks the formal inclusion of XRG into the project we have been developing together with Eni. These two world-class players allow us to position Argentina LNG as one of the leading LNG projects globally. We will now continue working very intensively to reach FID during the second half of 2026.”
Guido Brusco commented, “With the Joint Development Agreement a new partner – XRG – joins Argentina LNG, which is emerging as one of the most promising opportunities in the global gas landscape. This project is taking shape in a way that reflects both technological leadership and strategic vision.”
Team V.4-EM-UAE
