11:19 AM EDT, 10/10/2025 (MT Newswires) -- Eni (E) said Friday it executed a Final Technical Project Description agreement with Argentina's majority state-owned energy company YPF to reach the Final Investment Decision for the Argentina liquefied natural gas project.

The 12 million tons per annum LNG phase of the project involves the production, processing, transportation and liquefaction of gas for export via two floating gas liquefaction units, each with a capacity of 6 MTPA, the company said.

The agreement follows the Head of Agreement that the companies entered into earlier this year, according to a statement.

Eni shares fell 2% in recent trading.

Price: 34.80, Change: -0.61, Percent Change: -1.72