YPF Eni XRG Argentina LNG Vaca Muerta FLNG Development
New construction · Argentina · FEED / Pre-FID
Where it stands
Front-End Engineering Design is underway (FEL-3). Scope and engineering are being firmed up toward a sanction-quality cost estimate (typically ±10–15%). The project is well defined but not yet financially sanctioned — the "pre-FID" phase.
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FID / Sanctioned Expected For subscribers
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Under Construction Expected For subscribers
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Commissioning & Start-up Expected For subscribers
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Operational / Completed Expected For subscribers
Companies involved
- Eni Owner · Investor / Financier
- YPF Owner · Operator · Developer
- XRG Owner · Investor / Financier
- EXIM Bank Investor / Financier
- JPMorganChase Investor / Financier
- Banco Santander Investor / Financier
Also recorded: EPC, Offtaker, and Technology / equipment supplier For subscribers
Substances
- Butane Product
- Ethane Product
- Natural gas Product
- Natural gas condensates (petroleum) Product
- Propane Product
Capacity For subscribers
Why we featured this project
Eni chief executive Claudio Descalzi met Argentine President Javier Milei in Paris during Argentina Week to review Argentina LNG, the export project Eni is developing with YPF and XRG. At the same event XRG chairman Sultan Al Jaber said XRG backs Argentina's bid to become a major global LNG supplier.
The first phase would turn Vaca Muerta shale gas into 12 million tonnes of LNG a year on two 6 Mtpa floating liquefaction units off Río Negro province. The partners expect a final investment decision by the end of 2026 and first production in 2030. An expansion to 18 Mtpa is under evaluation.
Featured as project of the week on 7 October 2026. The record may have changed since; this is its current state. Subscribers see the full detail on all 2,808 projects.
