Adnoc’s XRG seals binding Argentina LNG deal with YPF and Eni

Adnoc’s investment unit XRG has signed a binding agreement with Argentina’s state-owned oil and gas company YPF and Italian energy firm Eni to join the 12 mtpa phase of the integrated Argentina LNG project.

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Argentina LNG, a joint venture of Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG, has submitted its application to join Argentina’s large investment incentive regime (RIGI), supporting the development of the large-scale LNG export project with a total investment of $51 billion.

YPF, partners target Argentina LNG FID by year-end

Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG are still targeting a final investment decision on the 12 mtpa Argentina LNG project by the end of this year, according to YPF CEO Horacio Marin.