Overview
- YPF confirmed at ADIPEC in Abu Dhabi that it signed a framework agreement with XRG, ADNOC’s investment arm, a step Horacio Marín announced publicly.
- The development is planned around two floating liquefaction units with capacity designed to scale from 12 MTPA to 18 MTPA.
- Project costs are estimated at US$25–30 billion, with financing structures and definitive commercial terms still pending.
- The buildout envisions a Vaca Muerta–Río Negro pipeline, gas treatment plants and port facilities to supply the FLNG vessels.
- YPF and ENI have already completed a technical FID, and the consortium is targeting a full FID in the second quarter of 2026.