LNG: YPF Aims to Bring More Partners into LNG Export Plan: Platts
Jun-04 15:43
YPF, Argentina's largest natural gas producer, plans to sign a preliminary final investment agreement with Italy’s Eni on June 6 for the installation of two FLNGs in Patagonia, Platts said. This will enable exports of 12m mtpa of LNG.
- FIDs are expected by the end of the year, with first LNG exports targeted in 2028 and 2029. Each FLNG will have a capacity of 6m mtpa, making them among the largest in the world.
- ENI is likely to export gas to Italy, while the third partner may ship it to its own home country.
- This is part of a broader plan to export 30m mtpa of LNG by 2031 in three phases. The project also involves BP-backed Pan American Energy and Shell.
- The developments will double Argentina’s gas production, requiring 800 new YPF wells in Vaca Muerta. By 2030, the region is expected to produce 250 mcm/d, creating a significant export surplus.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FED: US TSY 13W BILL AUCTION: HIGH 4.220%(ALLOT 49.78%)
May-05 15:32
- US TSY 13W BILL AUCTION: HIGH 4.220%(ALLOT 49.78%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 37.27% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 4.63% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 58.10% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 2.74
FED: US TSY 26W BILL AUCTION: HIGH 4.090%(ALLOT 14.42%)
May-05 15:32
- US TSY 26W BILL AUCTION: HIGH 4.090%(ALLOT 14.42%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 23.67% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 9.24% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 67.08% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.52
US STOCKS: Midday Equities Roundup: Dow Leading Gainers for the Moment
May-05 15:30
- Stocks are trading mixed ahead Midday Monday, SPX eminis and Nasdaq weaker but off lows, while the DJIA is making modest gains. Currently, the DJIA trades up 26.44 points (0.06%) at 41345.01, S&P E-Minis down 22.75 points (-0.4%) at 5686.5, Nasdaq down 96.4 points (-0.5%) at 17881.92.
- Energy, Information Technology and Consumer Discretionary sectors underperformed in the first half, oil and gas shares weighing on the former as crude prices continued to fall (WTI -1.61 at 56.68): APA Corp -3.89%, Occidental Petroleum -3.50%, ConocoPhillips -3.11%, Exxon Mobil -2.71%.
- The tech sector weighed by ON Semiconductor -7.85%, First Solar -5.42% and Apple -3.17%. Meanwhile, Tesla -3.51%, Starbucks -2.60%, Amazon.com -1.18% and NIKE -1.14% weighed on the discretionary sector.
- On the positive side, Industrials and Real Estate sectors led gainers early Monday: Delta Air Lines +3.10%, United Airlines Holdings +2.25%, Uber Technologies +2.12% and Generac Holdings +2.08%.
- Investment trusts buoyed the Real Estate sector: Iron Mountain +1.33%, Digital Realty Trust +1.14% and Equinix +1.04%.
- Latest earnings after the close include: Neurocrine Biosciences, Ford Motor, Mattel Inc, Clorox, Diamondback Energy, Coterra Energy, Vertex Pharmaceuticals, Celanese, Williams Cos, Realty Income, Hims & Hers Health and Palantir Technologies .
