YPF Signs 20-Year, $140 Billion LNG Agreement with Shell, Replacing Petronas for Vaca Muerta Development

Dec 19, 2024, 04:15 PM

YPF has signed a 20-year agreement with Shell to develop a liquefied natural gas (LNG) project in Argentina, replacing Petronas. The deal, valued at $7 billion annually, allows for total exports of $140 billion over the contract's duration. This agreement positions Argentina as a competitive global energy supplier, particularly in the context of the Vaca Muerta gas field. The CEO of YPF, Pablo González, reportedly traveled to the Netherlands to finalize the agreement, which is expected to enhance the country's energy export capabilities significantly.