Eni S.p.A. (E) Acquires 32% Stake in Vaca Muerta Shale Blocks to Supply Argentina LNG Project

Eni S.p.A. (NYSE:E) is one of the best value stocks to buy right now. On June 29, Eni announced an agreement to acquire a 32% stake in three unconventional gas blocks within Argentina’s Vaca Muerta shale formation. Once regulatory approvals are secured, the assets will be jointly owned by YPF, Eni, and XRG. This investment is designed to supply gas to the Argentina LNG project, an integrated development that aims to export 12 million metric tons of LNG annually using two floating units.

The deal aligns with Eni’s strategy to build integrated value chains by combining upstream production with global LNG marketing. Company leadership emphasized that the partnership uses their expertise in floating LNG technology to convert Vaca Muerta’s vast shale resources into competitive exports for the international market.

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This collaboration marks a significant milestone for Argentina’s energy ambitions as it seeks to monetize its unconventional resources. By bringing together major industry players, the project aims to establish Argentina as a long-term supplier in the global gas market, addressing the rising demand for flexible LNG supply through large-scale infrastructure development.

Eni S.p.A. (NYSE:E) operates as an integrated energy company across Italy, the rest of Europe, the United States, Asia, Africa, and international markets.

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