Business & Finance
Eni and Adnoc Investment Arm XRG Buy into Argentine LNG Project
Key Points
Eni and Adnoc Investment Arm XRG Buy into Argentine LNG Project Italian energy giant Eni SpA and the investment unit of the Abu Dhabi National Oil Co. agreed to buy stakes in a liquefied natural gas production and export project in Argentina. XRG and Eni will each acquire 32% in three upstream blocks in the South American country’s Vaca Muerta basin, according to statements from the companies on Monday. Argentina’s YPF SA will retain 36% of the assets, which will be part of an integrated LNG...
Eni and Adnoc Investment Arm XRG Buy into Argentine LNG Project
Italian energy giant Eni SpA and the investment unit of the Abu Dhabi National Oil Co. agreed to buy stakes in a liquefied natural gas production and export project in Argentina.
XRG and Eni will each acquire 32% in three upstream blocks in the South American country’s Vaca Muerta basin, according to statements from the companies on Monday. Argentina’s YPF SA will retain 36% of the assets, which will be part of an integrated LNG development, according to the statements.