Buenos aires: YPF, Eni, and XRG, the foundational project partners, announced they have signed a binding Joint Development Agreement (JDA) to advance Argentina LNG. This large-scale integrated gas and liquefaction project will unlock Argentina’s Vaca Muerta shale basin and help position the country as a long-term global LNG supplier.
According to Emirates News Agency, Argentina LNG is expected to deliver 12 million tonnes per annum (mtpa) of LNG capacity, via two floating LNG facilities with a capacity of 6 mtpa each. The project is designed to include production, processing, transportation, and LNG export infrastructure.
The JDA marks another milestone for the project, establishing the workplan for the parties to progress through the next stage of development. Under the agreement, the partners will commence Front-End Engineering Design (FEED) and related activities, including engineering, technical structuring, and key commercial and financing workstreams.
Mohamed Al Aryani, President, International Gas at XRG, ADNOC’s international investment arm, 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 Marn, President and CEO of YPF, mentioned that this new step marks the formal inclusion of XRG into the project developed together with Eni. These two world-class players allow positioning Argentina LNG as one of the leading LNG projects globally. The focus will now be on working intensively to reach FID during the second half of 2026.
Guido Brusco, Eni Chief Operating Officer Global Natural Resources, noted that 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.
