State-owned Argentine energy giant YPF signed a joint development agreement with Italian oil and gas corporation Eni and United Arab Emirates-based investment company XRG to advance Argentina LNG. YPF and Eni had already signed an investment commitment contract last year for what Argentine company’s CEO, Horacio Marín, said would be the two “largest LNG tankers in the world.”On Thursday, the Abu Dhabi-based investment company joined the project, according to communiqués by YPF and Eni. The projectArgentina LNG is a large-scale natural gas liquefaction project that seeks to massively develop the resources of Vaca Muerta, a shale oil and gas region in the Argentine Patagonia. It aims to produce 12 million metric tonnes a year of LNG through two floating liquefaction units. Last year, YPF ditched its original plans to build an onshore LNG plant in Río Negro province, opting instead to manufacture ships with liquefaction units.

Source: Bueno Aires Herald February 12, 2026 21:48 UTC