US EditionEni, YPF Sign Agreement for Participation in Argentina LNG Project
- On Friday, Argentine President Javier Milei arrived in Rome and met Italian Prime Minister Giorgia Meloni to sign an LNG export agreement.
- The agreement between Argentina’s YPF and Italy’s ENI follows Italy’s search for new energy suppliers amid the Russia-Ukraine conflict and sanctions.
- The project plans to deploy floating LNG facilities capable of producing 12 million tonnes annually, with the goal of gradually increasing exports to as much as 30 million tonnes per year by 2030.
- The agreement is projected to bring in more than US$100 billion in exports for Argentina over the next two decades, with ENI confirming that the final investment decision is planned for December.
- Milei and Meloni agreed to implement a joint initiative for 2025-2030 designed to enhance cooperation between Italy and Argentina across multiple sectors.
55 Articles
55 Articles
Milei and Meloni meet for two hours in Rome
Argentine President Javier Milei met Friday with Italian Prime Minister Giorgia Meloni at Rome's Palazzo Chigi to oversee the signing of an energy agreement between YPF and ENI for the 'Argentina LNG' project, aimed at exploiting and exporting gas from Vaca Muerta using floating Liquefied Natural Gas (LNG) technology.
Argentina has large reserves of gas. Most of them are buried at about 2,500 meters deep in Vaca Muerta, a colossal formation of unconventional hydrocarbons in Argentinian Patagonia. This finding, made in 2010, was key to reducing by more than half the imports of this natural resource in the last decade and to begin exporting it. Until now, Argentine gas is sold to Chile and Brazil through pipelines, but the Argentine government advances in agree…
CNN Radio Argentina (CNN Radio Argentina) — Emilio Apud, former Secretary of Energy, spoke this Friday with Regreso CNN, hosted by Mariana Arias and Pepe Gil Vidal, about the strategic agreement signed in Italy between YPF and the energy company ENI, as part of President Javier Milei's European tour. The project aims to make Argentina one of the world's leading exporters of liquefied natural gas (LNG). The "Argentina LNG" project, led by YPF, in…
CNN Radio Argentina (CNN Radio Argentina) — Emilio Apud, former Secretary of Energy, spoke this Friday with Regreso CNN, hosted by Mariana Arias and Pepe Gil Vidal, about the strategic agreement signed in Italy between YPF and the energy company ENI, as part of President Javier Milei's European tour. The project aims to make Argentina one of the world's leading exporters of liquefied natural gas (LNG). The "Argentina LNG" project, led by YPF, in…
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