XRG, YPF and Eni sign framework agreement on Argentina LNG project
First phase of project expected to deliver 12 mtpa of LNG capacity. Project in South America would add to XRG’s geographically diverse portfolio of gas and LNG investments in Africa, Asia and North America
Abu Dhabi, UAE – November 4, 2025: XRG, the international energy investment arm of ADNOC, today announced the signing of a non-binding framework agreement with Argentina’s YPF and Italy’s Eni to evaluate participation in an integrated liquefied natural gas (LNG) project in Argentina.
The agreement marks another significant step in XRG’s strategy to build a top-tier global gas portfolio and expand its footprint across the Americas.
The Argentina LNG project is a fully integrated development combining upstream gas production from the Vaca Muerta shale basin with offshore liquefaction using floating liquefied natural gas (FLNG) technology.
The project is expected to leverage the partners’ extensive experience in developing FLNG facilities, including Eni’s track record in Mozambique, where XRG is also a partner.
XRG intends to contribute its technical know-how, commercial strength and a track record of delivering reliable, innovative energy solutions to accelerate the success of the Argentina LNG project.
