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Economy & Business - November 2025
ARGENTINA: Vaca Muerta drives silent energy revolution
Argentina’s state-controlled energy company YPF on 10 October finalised a technical agreement with Italian oil giant Eni that marks a milestone in what is to become the country’s largest project to export liquified natural gas (LNG). Vaca Muerta, the 30,000km2 region between the vineyards of Mendoza to the north and the ski slopes of Bariloche to the south, is the world’s second-largest shale gas deposit. The agreement involves awarding contracts for the design of a pipeline that will connect Vaca Muerta with the coast of the Río Negro province, and of gas treatment plants as well as floating liquefaction units. Together the installations are expected to produce 12m tonnes (t) of LNG per year starting sometime before 2029.
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