Overview
- Signed at the ADIPEC conference, the pact outlines potential collaboration on an integrated LNG venture that links Vaca Muerta gas to offshore liquefaction.
- The first phase targets 12 million tonnes per year using two 6 mtpa floating LNG units positioned off Argentina’s Atlantic coast near Sierra Grande Norte.
- Developers outline a multi‑phase scale‑up to about 30 mtpa by 2030, including a proposed 10 mtpa onshore modular plant in later phases.
- Eni and YPF completed the project’s final technical description on October 10, and the parties now move to negotiate a joint development agreement before financing, permits, and FID.
- Golar LNG’s MKII FLNG is chartered for deployment in the Gulf of San Matías, as XRG brings recent LNG experience from deals in Texas and Azerbaijan.