What specific stakes did Eni and XRG acquire in the Argentine LNG project, and how is ownership structured among the partners?

Eni SpA and XRG, the investment unit of Abu Dhabi National Oil Co., each acquired a 32% stake in three upstream blocks located in Argentina’s Vaca Muerta basin; Argentina’s YPF SA retains the remaining 36% of the assets, which will be integrated into a broader LNG production and export development.

What strategic objective does XRG aim to achieve through this investment in Argentina’s LNG project?

XRG aims to build a global business in gas, chemicals, and other energy supply and trading to diversify its income and supply sources and tap into new markets.

Eni and Adnoc Investment Arm XRG Buy into Argentine LNG Project

Jun 29, 2026

Eni and Abu Dhabi's XRG acquired 32% stakes each in three upstream blocks in Argentina's Vaca Muerta basin for an integrated LNG development. The move aligns with XRG's strategy to expand its global gas and chemicals supply portfolio.

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