LNG

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.

Deal-making in the US shale gas sector has spiraled as Asian buyers seek to secure reliable feedstock for LNG offtake. More than $28 billion worth of gas and LNG assets are currently up for sale.