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Argentina's YPF Secures $100 Billion LNG Deal with ENI

6/7/2025

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Summary

Story summary

Argentina's YPF has struck a groundbreaking liquefied natural gas export deal with Italy's ENI, potentially bringing in over $100 billion over the next 20 years. This partnership, forged during President Javier Milei's visit to Rome, aims to harness the immense gas reserves of Vaca Muerta, addressing Europe's urgent need for alternative energy sources amidst the ongoing Russia-Ukraine crisis.

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Story summary

Argentina's YPF has struck a groundbreaking liquefied natural gas export deal with Italy's ENI, potentially bringing in over $100 billion over the next 20 years. This partnership, forged during President Javier Milei's visit to Rome, aims to harness the immense gas reserves of Vaca Muerta, addressing Europe's urgent need for alternative energy sources amidst the ongoing Russia-Ukraine crisis.