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Stock impact report

Shell Joins Forces With YPF on Argentina's $50B LNG Leap [Yahoo! Finance]

YPF Sociedad Anonima (YPF) 
Last ypf sociedad anonima earnings: 3/9 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ypf.com/enu/inversoresaccionistas
Company Research Source: Yahoo! Finance
Sociedad Anónima YPF, for a $50 billion transformative deal to develop the first phase of the Argentina LNG export project. Shell's proficiency in LNG (liquefied natural gas) aligns efficiently with the project's objective to produce 10 million tons of natural gas annually. This project is considered a big one for Argentina because the country looks forward to cashing in on the vast reserves of the highly lucrative Vaca Muerta shale formation. An Insight Into SHEL's Project Development Agreement The Vaca Muerta Formation has been estimated to hold huge oil and gas reserves. It has the second-largest shale gas reserve and the fourth-largest oil reserve worldwide. The project is for the liquefaction of gas, which will be exported to the markets worldwide. Under the project, both parties will produce gas in the dedicated blocks in Vaca Muerta and transport it through a 580 km long pipeline to a processing and liquefaction terminal in Sierra Grande, Rio Negro, on the coast of the At Show less Read more
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