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.
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.
Spanish utility Naturgy said that the European Union should reconsider its plans to fully ban Russian LNG imports from 2027 as Europe faces a potential gas supply shortage.
Adnoc's investment unit XRG and Italian energy firm Eni have signed agreements with Argentina’s state-owned oil and gas company YPF to take part in the upstream segment of the Argentina LNG project.