Zhong Guo Hua Gong Bao·2025-10-17 04:02Core Viewpoint - Eni and YPF have signed the Final Technical Project Description (FTPD) for a liquefied natural gas (LNG) project in Argentina, marking a significant step towards Argentina becoming a global LNG exporter [1][2] Group 1: Project Overview - The LNG project aims for an annual production capacity of 12 million tons, utilizing a "upstream-midstream integration" development model that encompasses the entire natural gas production, processing, transportation, and liquefaction chain [1] - The initial phase will deploy two floating LNG (FLNG) units, each with a capacity of 6 million tons per year, enabling Argentina to export LNG and associated liquids [1] Group 2: Strategic Importance - The partnership leverages Eni's experience in rapidly advancing FLNG projects, validated through operations in Congo and Mozambique, alongside YPF's local operational advantages in the Vaca Muerta shale basin [1] - The project aligns with the Argentine government's economic policy, focusing on energy exports, and aims to unlock significant unconventional gas reserves in Vaca Muerta, transforming Argentina from a regional gas supplier to a global LNG exporter [1] Group 3: Future Projections - Upon full production, the LNG export capacity is expected to reach 30 million tons per year through a multi-phase development approach [1] - For Eni, this collaboration strengthens its growth strategy centered on natural gas and supports its carbon neutrality goal by 2050 through expanded low-carbon gas production and export capabilities [2] - For YPF, the project provides a pathway for monetizing Vaca Muerta resources and attracting international capital investment in Argentina's energy sector [2]