XRG invests in Argentina LNG project
XRG, the international investment arm of ADNOC's energy sector, announced its acquisition of a 32% stake in three exploration and production blocks in the Argentina LNG project. This comes as part of agreements with the Argentine company YPF, which allow for the development of the rich Vaca Muerta Basin resources with the goal of supplying global markets with one million tonnes of liquefied natural gas annually. This move supports the company's strategy to build a flexible global gas platform, with a final investment decision expected in 2027.
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