Eni targets year-end FID for Argentina LNG FLNG development

The project would deploy two nearshore FLNG vessels to monetize Vaca Muerta gas, with initial LNG production targeted for 2030.
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Oct. 6, 2026
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Why this news matters:

  • The project would use two FLNG vessels to monetize gas from Argentina's Vaca Muerta formation and create a new LNG export route. 

  • A year-end investment decision would mark a significant step toward bringing up to 12 MMt/yr of LNG capacity online, with first production targeted for 2030.

Courtesy Microsoft Copilot AI-generated image
AI-generated image of an FLNG vessel at sea

Eni, YPF and XRG are advancing the Argentina LNG project, which would use two nearshore FLNG vessels with a combined liquefaction capacity of 12 MMt/year.

Argentina LNG

  • Operators: Eni, YPF and XRG
  • Resource base: Vaca Muerta gas
  • Development concept: Two nearshore FLNG vessels
  • Initial capacity: 12 MMt/year
  • Target startup: 2030
  • Expansion under assessment: Up to 18 MMt/year

Eni expects to take an investment decision on its Argentina LNG project by the end of this year.

The announcement follows a meeting between Eni CEO Claudio Descalzi and President of Argentina Javier Milei during the Argentina Week events in Paris.

Argentina LNG project, a co-development with YPF and XRG, will develop gas resources in the Vaca Muerta Basin using two nearshore FLNG vessels, each with a liquefaction capacity of 6 MMt/year. 

Production should start in 2030, Eni added, with expansion to 18 MMt/year currently under assessment via a further development phase.

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Jeremy Beckman
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Jeremy Beckman

Staff Writer / Editor, Europe

Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.

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