Overview
- The sale-and-purchase agreements signed June 29, 2026 give XRG and Eni each a 32 percent stake in three Vaca Muerta blocks while YPF retains 36 percent, according to company statements.
- The blocks — Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas — are slated to supply gas and associated condensates to the Argentina LNG project.
- Argentina LNG targets 12 million tonnes per year of LNG using two 6 mtpa floating liquefaction units located off Río Negro province, with the upstream assets intended to feed those FLNG units.
- Completion of the deals and the wider project remain subject to regulatory approvals and project milestones, and reports of a Final Investment Decision in the second half of 2026 are unconfirmed.
- Partners say the transactions secure long‑term equity access to one of the world’s largest unconventional gas basins and could boost Argentina’s export revenues and dollar reserves, though the development faces technical, financing and timing risks.