Yahoo Financeยท2025-10-13 11:10Core Insights - Eni and YPF have finalized an agreement to advance a liquefied natural gas (LNG) project in the Vaca Muerta field, Argentina, following a meeting between Eni's CEO and Argentina's President [1][2] - The Argentina LNG project aims to develop the Vaca Muerta gas field, with plans to export up to 30 million tonnes per annum (mtpa) of LNG [2][3] - The project will utilize two floating liquefied natural gas (FLNG) units, each with a capacity of 6 mtpa, translating to approximately nine billion cubic meters of gas annually [3] Project Details - The agreement includes a preliminary commitment to reach a final investment decision for the project [2] - The project encompasses gas production, processing, transportation, and liquefaction for export, along with the export of associated liquids [3][4] - YPF plans to drill 800 new wells and aims to double its gas production by 2024 [5] Financial Aspects - The project is projected to require $25 billion in infrastructure investment and an additional $15 billion for upstream development [6] - Eni's strategy aligns with supporting energy transition by prioritizing gas production and aiming for carbon neutrality by 2050 [4]