Eni (E), Argentine energy company YPF Sociedad Anonima (YPF) and XRG said Thursday they have signed a binding joint development agreement to develop liquid natural gas in Argentina.
The project will involve Argentina's Vaca Muerta shale basin and is expected to deliver 12 million tons per year of LNG capacity, equally divided between two floating LNG facilities, the companies said.
The project will include production, processing, transportation and LNG export infrastructure, the companies said.
XRG is the international investment arm of the Abu Dhabi National Oil Company.
Financial terms were not disclosed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments