Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew.

YPF

YPF and Malaysian national oil company Petronas signed a memorandum of understanding on Sept. 1 to study the potential for an integrated liquefied natural gas export project in Argentina, home of the Vaca Muerta Shale formation.

If the project moves forward, it would “probably require a dedicated gas pipeline,” Lew told analysts. This would be in addition to the Néstor Kirchner natural gas pipeline under development by the government.

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Lew said, “we believe that clearly, we have already demonstrated the productivity of Vaca...