Argentina LNG, the integrated liquefied natural gas (LNG) project promoted by YPF, Eni and XRG, has submitted its application to join Argentina’s Large Investment Incentive Regime (RIGI), supporting the development of a large-scale LNG export project leveraging the resources of the Vaca Muerta formation.

The project aims to develop an integrated LNG value chain, from upstream gas production to export infrastructure, including gas transportation and processing facilities, and two Floating Liquefied Natural Gas (FLNG) units with a combined liquefaction capacity of 12 million tonnes per year (MTPA), to be located offshore Río Negro province.

The submission of the RIGI application represents an important milestone toward the project’s Final Investment Decision (FID), which is targeted by the end of 2026.

The Argentina LNG project combines the complementary capabilities of YPF, Eni and XRG to unlock the world-class gas resources of Vaca Muerta and contribute to the development of a competitive LNG export platform capable of supplying international markets.

About YPF

YPF is the main energy company in Argentina, with a share in the production of oil and gas of 43% in the local market and 56% in naphtha. YPF is leader in the production of unconventional resources. It is an integrated energy company that generates a varied offer: natural gas, electricity, fuels, petrochemical inputs, lubricants and agro products, among others. It has more than 1500 gas stations that allow the supply the country.

About Eni

Eni is a global energy tech company operating in 64 Countries, with about 32,500 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers.
In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy - a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions

About XRG

XRG is ADNOC’s international investment subsidiary, established to drive the company’s global expansion in the energy sector, with a special focus on natural gas, chemicals, and energy solutions. With an enterprise value of over $80 billion, XRG aims to do uble its assets over the next decade and seeks to become a global leader in the chemicals sector, build an integrated global gas portfolio, and strengthen investments in energy solutions.

XRG’s operations include acquisitions and management of international stakes: NextDecade’s Rio Grande LNG in the U.S., the Area 4 concession in Mozambique’s Rovuma Basin, and various gas investments in Turkmenistan and Egypt. The company positions itself as a driver of sustainable growth, technological innovation, and value creation for partners worldwide, consolidating Abu Dhabi and the UAE’s leadership in energy and chemicals..