YPF announced liquefied gas export agreements for US $ 7,000 million

YPF announced liquefied gas export agreements for US $ 7,000 million

This was confirmed by Guillermo Francos, who said that new agreements for 4 million additional tons could be formalized.

The funds that would be obtained from Energy surplus They represent one of the main sources of income to sustain the national financial balance. Within that framework, the chief of cabinet, Guillermo Francoscelebrated the impulse taken by the new project of YPFnext to his CEO, Horacio Marín.

“We had the opportunity to analyze the advances of the auspicious project ‘Argentina LNG‘. After his successful tour of more than 20 days in which he maintained Meetings in the main countries of Asia, YPF has managed to close trade agreements for up to 15 million tonswhich translates into more than 7 billion dollars annually for our country in exports of liquefied gas“He stressed on his social networks.

He also anticipated that “in the coming weeks they will be announced New sales contracts with European energy companies for up to 4 million additional tons. Argentina’s energy future is unstoppable! “

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Previously, YPF signed a memorandum of understanding (Mou) last week to export Liquefied natural gas (LNG) of Muerta Vaca to the India. The Mou signed with the main energy companies in India: Oil and Natural Gas Corporation (Oil), Gas Authority of India Limited (Gail) and Oil and Natural Gas Corporation Videsh Limited (OVL).

The agreement includes the export of up to 10 million tons per year of liquefied natural gas (LNG)in addition to cooperation in Lithium, critical minerals and hydrocarbons exploration. The same amount of LNG tons agreed to produce with Shellwith the signing of the PDA (Project Development Agreement, for its term in English) in the city of Hague, in the Netherlands and after the departure of Petronas of the LNG project of YPF.

YPF covers debt maturities and seeks investments in Vaca Muerta

YPF aim to further foster his investments in Vaca Muerta and for this he issued a Negotiable obligation (ON) for US $ 1,100 million and replied papers that beat this year for US $ 750 million. Thus, the company chaired by Horacio Marín It seeks to improve the maturity profile to increase capital expenses (CAPEX) by 2025.

In 2025, YPF It will have as main objectives two of the key projects of the current administration: the construction of the pipeline South Muerta Vaca (Vmos) and the LNG projectthat takes another impulse after the entry of Shell in replacement of Petronas. It will also point to Increase gas and oil production.

It should be noted that the company’s shares, which contains public and private capitals, increased more than 150%, above inflation, which closed 2024 by 117.8%, according to the National Institute of Statistics and Census (INDEC).

Source: Ambito

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