Eni and YPF signed a Memorandum of Understanding (MoU) to evaluate Eni’s participation in the Argentina LNG project, promoted by YPF.
Argentina LNG is a large-scale upstream and midstream integrated gas development project, designed to develop the resources of the “Vaca Muerta” onshore gas field and serve international markets through exporting in various phases up to 30 million tons per year (MTPA) of LNG by the end of the decade.
The project phase covered by the MoU between Eni and YPF relates to the development of upstream, transportation and gas liquefaction facilities through two Floating LNG units of 6 MTPA each, for a total of 12 MTPA.
The MoU is in line with Eni’s strategy of promoting the energy transition, favouring the development of gas production and reducing the emission impact, with the goal of achieving carbon neutrality by 2050, as well as contributing to the security and competitiveness needs of energy supplies.