ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project | EN590 Commodities
EN590 Commodities GroupCrude Oil June 30, 2026
ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. Abu Dhabi’sXRG, the international investment arm of the Abu Dhabi National Oil Company (ADNOC), and Italy’sEni S.p.A.(NYSE:E) have officially signed agreements to acquire minority stakes in three upstream gas blocks linked to the Argentina LNG export project. The transaction involves the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas unconventional gas blocks located in Argentina’s prolific Vaca Muerta shale basin. Under the newly signed Sale and Purchase Agreements (SPAs), XRG and Eni will each own a 32% stake, while Argentina's state energy company YPF will retain a 36% stake with a Final Investment Decision (F
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