YPF files application to for $51bn Argentina LNG project
Argentina’s state-controlled YPF, together with partners Eni and XRG, has submitted an application to enrol the Argentina LNG project in the country’s Large Investment Incentive Regime (RIGI). The $51 billion project will export liquefied natural gas from the Vaca Muerta shale formation, with operations targeted to begin in 2031.
Total, Eni approve Cyprus gas project tied to Egypt LNG route
TotalEnergies and Eni have approved development of the Cronos gas field offshore Cyprus, a project that will route gas through Egypt’s LNG export infrastructure with first production expected in 2028.
ADNOC takes $6.2bn FID
ADNOC has taken a $6.2 billion final investment decision on the Umm Shaif Gas Cap project in Abu Dhabi with partners TotalEnergies, Eni and CNPC. The project will unlock more than 600 million standard cubic feet per day of gas and associated liquids by 2030, or nearly 10% of current UAE gas consumption. It also builds on ADNOC’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47mtpa of combined marketable LNG capacity by 2035.
Eni, Mercuria form global trading JV to boost US LNG marketing
Italian oil and gas major Eni and the Swiss-based commodity trading house Mercuria have agreed to form a joint venture to oversee trading activities of oil, LNG, LPG and associated logistics and infrastructure rights. Operations are due to begin in 2027.
Eni buys three Argentine gas blocks linked to LNG exports
Italy’s energy major Eni has agreed to acquire a 32% interest in three upstream blocks in the Vaca Muerta basin, designated as feedstock for an Argentine LNG export project. Argentina’s state oil company YPF, together with Eni and the Abu Dhabi-based investment firm XRG are working intensively to reach FID on the 12 mtpa Argentina LNG project during the second half of 2026.
Technip wins EPCIC contract for Eni’s Coral Norte FLNG project
Technip Energies has been awarded an Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for Eni’s Coral Norte floating LNG project offshore Mozambique. Announced as a “major” contract win, the deal is expected to generate more than €1 billion in revenue.
Eni locks in 2 mtpa LNG offtake from Indonesia
Eni has secured about 2 million tonnes per annum (mtpa) of LNG from its South Hub and North Hub projects in Indonesia, supplied via the Bontang terminal in East Kalimantan. The additional supply will help Eni reach its target of more than 20 mtpa of contracted LNG supply by 2030.
EU ban on Russian LNG takes effect
The first phase of the EU’s ban on Russian LNG has taken effect this weekend, removing an initial slice of the 20.3 bcm imported in 2025 at a time when European buyers are already competing for replacement cargoes for lost Qatari supply.
First Golden Pass LNG cargo heads to Zeebrugge terminal
The first LNG cargo from Golden Pass, Texas, is on route to Belgium’s Zeebrugge terminal which the carrier Al Qa’aiyyah is signalling as its destination. Loaded by QatarEnergy, as part of its Golden Pass equity quota, the cargo has likely been purchased by Eni.
Pakistan leans on local fuel sources to mitigate LNG supply risk
Pakistan’s diverse domestic energy mix – nuclear, coal and hydropower – is cushioning the country from the global energy price shock following Qatar’s suspension of LNG exports. With nearly three-quarters of its electricity now generated from local sources, Pakistan managed to mitigate the immediate fallout of halt in its contracted long-term LNG deliveries from QatarEnergies.
