YPF Signs Agreement to Advance LNG Project in Argentina

YPF Sociedad Anónima (NYSE:YPF) is included among the 14 Best LNG Stocks to Buy Now.

YPF Sociedad Anónima (NYSE:YPF) is an energy company that engages in upstream and downstream oil and gas activities in Argentina.

On February 12, YPF Sociedad Anónima (NYSE:YPF) signed a joint development agreement with Italian Eni and UAE-based XRG to advance a liquefied natural gas project linked to Argentina’s Vaca Muerta field. The project, called Argentina LNG, is expected to produce 12 million metric tons of LNG per year using two floating liquefaction units. Under the agreement, the three partners will start front-end engineering and design and perform other key technical, commercial, and financing workstreams.

Horacio Marín, President and CEO of YPF Sociedad Anónima (NYSE:YPF), commented:

“This new step marks the formal inclusion of XRG into the project we have been developing together with Eni. These two world-class players allow us to position Argentina LNG as one of the leading LNG projects globally. We will now continue working very intensively to reach FID during 2H26.”

YPF Sociedad Anónima (NYSE:YPF) received another boost on the same day when JPMorgan analyst Rodolfo Angele raised its price target on the stock from $51 to $54, while keeping an ‘Overweight’ rating on the shares. The revised target indicates an upside of almost 44% from the current share price.

YPF Sociedad Anónima (NYSE:YPF) was recently included in our list of the 12 Best Crude Oil Stocks to Buy as Tensions Rise.

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READ NEXT: 12 Best Crude Oil Stocks to Buy as Tensions Rise and 10 Best American Oil and Gas Stocks to Buy.

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