ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project
The deal gives XRG and Eni each 32% of three upstream blocks that will help supply a planned 12 million-tonne LNG project.
- On Monday, Abu Dhabi's XRG and Italy's Eni signed agreements with Argentina's state oil company YPF to acquire minority stakes in three upstream blocks in the Vaca Muerta basin.
- The Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas blocks are essential to the integrated Argentina LNG project, which targets a production capacity of 12 million tons per annum.
- XRG and Eni will each acquire a 32% stake in the blocks, while YPF will retain the remaining 36% shareholding.
- Calling Vaca Muerta "one of the world's most attractive gas resources," Mohamed Al Aryani, president of international gas at XRG, said the investment advances a significant new LNG supply source.
- The International Energy Agency reports that Middle East conflicts caused the loss of roughly 120 billion cubic metres of cumulative LNG supply for the 2026-2030 period, accounting for around 15 per cent of expected global supply.
24 Articles
24 Articles
Abu Dhabi buys into Argentina LNG
XRG, the international investment arm of Abu Dhabi oil company ADNOC, has agreed to take a 32% stake in three upstream blocks in Argentina that will supply gas to the country’s first LNG export terminal — adding to the growing list of overseas LNG deals by Gulf energy majors.XRG, which is partnering with Italian major Eni and Argentina’s YPF, has not said how much the investment is worth. It sits in a portfolio that already includes the Rio Gran…
Eni and Abu Dhabi's XRG Buy Into YPF's Vaca Muerta Gas
Italy's Eni and Abu Dhabi's XRG have each agreed to take a thirty-two percent stake in three Vaca Muerta gas blocks, backing Argentina's push to export LNG. The post Eni and Abu Dhabi’s XRG Buy Into YPF’s Vaca Muerta Gas appeared first on The Rio Times.
ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project
Abu Dhabi’s XRG, the international investment arm of the Abu Dhabi National Oil Company (ADNOC), and Italy’s Eni S.p.A. (NYSE:E) have officially signed agreements to acquire minority stakes in three upstream gas blocks linked to the Argentina LNG export project. The transaction involves the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas unconventional gas blocks located in Argentina’s prolific Vaca Muerta shale basin. Under the newly …
YPF today took an important step in its plan to make Argentina one of the world's largest exporters of liquefied natural gas (LNG).The state-owned company signed agreements with two international partners — the Italian Eni and the Emirati XRG — to both join as producing partners in the deposits of Vaca Muerta that will supply the Argentina LNG project, the country's most ambitious energy export initiative.LNG is natural gas that cools at extreme…
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