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YPF CEO says contracts for Argentina LNG are being signed in Europe, Asia

By Reuters News

ABU DHABI, Nov 3 (Reuters) - Horacio Marin, CEO of Argentinian energy company YPF YPFDm.BA, said on Tuesday that offtake contracts for the Argentina LNG project it is building with the UAE's XRG and Italy's Eni ENI.MI were in the process of being signed in Europe and Asia.

  • Marin said construction of the planned 12 million metric ton a year project could start in February, with a final investment decision planned for this month.

  • Marin said he expects the first vessel to sail as early as 2030, with the second 6 to 12 months later.

  • The project is geared towards transforming the Vaca Muerta basin's natural gas resources into LNG exports using two floating liquefaction units

  • Marin said he expects construction of a 1 million barrel per day oil export pipeline to finish this year

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