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Argentina's YPF signs agreement with Shell to develop Argentina LNG project

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Argentina's state-run oil company YPF and oil major Shell signed an agreement to develop the country's flagship liquefied natural gas (LNG) project, the companies said on Thursday.
On December 19, 2024, Argentina's state-controlled energy company, YPF, signed a memorandum of understanding with Shell to explore the development of a liquefied natural gas (LNG) project in Argentina. This agreement aims to leverage Argentina's vast shale gas reserves, particularly from the Vaca Muerta formation, to produce LNG for both domestic use and export. The project is part of a broader strategy to enhance Argentina's energy infrastructure, reduce its dependency on energy imports, and position the country as a significant player in the global LNG market. The collaboration includes feasibility studies, technical evaluations, and potential investment decisions to bring the project to fruition.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/argentinas-ypf-signs-agreement-with-shell-develop-argentina-lng-project-2024-12-19/ ]