YPF, Indian firms ink Argentina LNG deal

YPF signed an MoU with GAIL, Oil India, and ONGC Videsh for the potential export of up to 10 mtpa of LNG to India. Besides LNG, the MoU also includes cooperation in lithium, critical minerals, and hydrocarbon exploration and production. During its first phase, the project would have two floating liquefaction units with a production capacity of 10 mtpa. The second phase includes the construction of a 10 mtpa onshore modular liquefaction plant, while the third phase entails an expansion of the onshore plant with new liquefaction trains for an additional 10 mtpa.