Eni signs MoU with YPF for joint evaluation of Argentina LNG project phase
Eni has signed a Memorandum of Understanding (MoU) with Argentina's YPF for the joint evaluation of a phase of the Argentina LNG project. The MoU relates to the development of upstream, transportation and gas liquefaction facilities through two floating LNG units, with a total capacity of 12 MMtpy.
An integrated project. Natural gas extracted from Vaca Muerta will be transported through a dedicated pipeline to the LNG plant to be located in Sierra Grande Norte, province of Río Negro.
Project phases. To meet as soon as possible the world’s increasing demand for reliable LNG, during its first phase,
Argentina LNG will have 2 floating liquefaction units with a production capacity of around 9 MMtpy. The following phases of the project entail the construction of an onshore modular plant which will progressively expand to achieve a final capacity up to 30 MMtpy, placing Argentina among the major LNG exporting countries in the world.
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