Overview
- XRG and Eni signed sale and purchase agreements to each acquire a 32% interest in Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas while YPF will retain 36%.
- The upstream assets are planned to feed an integrated Argentina LNG scheme that targets 12 million tonnes per year through two 6 mtpa floating LNG units.
- The transaction was announced on June 29, 2026, but completion remains conditional on approvals from Argentine and other regulators.
- Partners say the move gives XRG and Eni long‑term equity access to Vaca Muerta gas and positions them to convert that gas into exportable LNG for global markets.
- The project taps Vaca Muerta, one of the world’s largest shale basins, and could boost Argentina’s export revenues and dollar reserves if the midstream and offshore FLNG buildout proceeds to final investment decisions.