EAI brief: YPF, Eni, and XRG ink development deal related to Argentina LNG

SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 12.Feb.2026, Words: 111) — State-owned YPF, along with Italy’s Eni and XRG signed a joint development agreement to advance the Argentina LNG project, which will source Vaca Muerta feed gas.

The agreement marks a milestone on the path to the final investment decision, YPF said on 12 Feb. 2026 in an official statement.

Other highlights include:

— the project’s 12 million tonnes per annum (MTPA) capacity positions Argentina among the leading LNG exporters;

— the project is expected to generate significant investment, employment, and consolidate long-term energy export capacity. 

 — an FID related to Argentina LNG is anticipated in the second-half of 2026, according to statements from YPF chairman and CEO Horacio Marín.

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By Pedro Silva reporting from Salvador de Bahia. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.