Global Infrastructure SherpaYPF, Eni, and XRG formalize Binding Joint Development Agreement for Argentina LNG export project
12 mtpa
Capacity
YPF, Eni, and XRG have entered into a Binding Joint Development Agreement (JDA) to advance an LNG export project in Argentina. The JDA aims to develop the Vaca Muerta shale basin and create a permanent export platform, including transportation and liquefaction infrastructure, with a target capacity of 12 mtpa from two floating LNG units.
Counterparts (3)
Partner
Eni
Eni is an integrated energy company committed to the energy transition with concrete actions to achieve carbon neutrality by 2050. They operate in 64 countries and collaborate with local communities in development and innovation projects.
YPF
YPF is an Argentinian energy company. It is involved in the exploration, production, refining, distribution, and marketing of oil, gas, and other energy products.
XRG
XRG is a company operating in the infrastructure industry. Further details on their specific investment focus and strategy would require more information.
Deal Analysis
YPF, Eni, and XRG have formalized a Binding Joint Development Agreement (JDA) to advance a significant LNG export project in Argentina. Announced on February 28, 2026, this development-type deal aims to unlock the vast potential of the Vaca Muerta shale basin by establishing a permanent export platform. The project targets an impressive 12 mtpa capacity through the deployment of two floating LNG (FLNG) units, signifying a major step towards Argentina becoming a global LNG supplier.
The collaboration brings together key players with complementary strengths. YPF, as the Argentinian energy incumbent, provides crucial local expertise and access to the Vaca Muerta resource. Eni, an integrated energy company with a stated commitment to energy transition, contributes international project development experience and market access. XRG, an infrastructure company, is expected to bring specialized infrastructure development and investment capabilities. This partnership underscores the strategic importance of developing Argentina's gas resources for export, leveraging FLNG technology for potentially faster deployment and flexibility in the global oil and gas market.
- Binding Joint Development Agreement for a major LNG export project.
- Collaboration of YPF (local), Eni (international energy), and XRG (infrastructure).
- Target capacity of 12 mtpa using two floating LNG units.
- Focus on developing Argentina's Vaca Muerta shale basin for permanent export.
Timeline
Announced
Feb 28, 2026
Signed
Closed