BUENOS AIRES, Jan 21 (Reuters) - Argentina's state-run
oil company YPF signed a memorandum of understanding
with three Indian firms to potentially export up to 10 million
metric tons of liquefied natural gas (LNG) per year, the company
said on Tuesday.
YPF Chief Executive Horacio Marin inked the deal in New
Delhi with executives from Oil and Natural Gas Corporation
(OIL), Gas Authority of India Limited (GAIL) and Oil and Natural
Gas Corporation Videsh Limited.
The agreement also covers cooperation in lithium, critical
minerals, and hydrocarbon exploration and production, YPF said
in a statement.
"We are convinced that the country has an opportunity to
become an energy exporter and achieve the objective sought by
the entire industry to generate revenues of $30 billion over the
next 10 years," Marin said.
The executive has also visited Israel, South Korea and Japan
to seek buyers for LNG from Vaca Muerta, the world's
second-largest shale gas reserve.
Reuters reported in December, citing a company source, that
Marin was set to travel to India this month to sign the
preliminary LNG export deal.