03:30 PM EDT, 07/17/2024 (MT Newswires) -- YPF Sociedad Anonima (YPF) held discussions with Energy Transfer ( ET ) on financing the Vaca Muerta Sur pipeline in Argentina, Bloomberg reported Wednesday, citing two people familiar with the matter.

The Argentine crude driller is leading development of the cross-country pipeline, estimated to cost $2.5 billion, the report said. State-run YPF is also holding talks with other oil drillers in Argentina, the report said, citing one of the people.

Dallas-based Energy Transfer ( ET ) declined to comment on the matter, saying the company is looking at opportunities inside and outside the US., and YPF declined to comment, Blomberg said.

YPF and Energy Transfer ( ET ) didn't immediately respond to requests for comment from MT Newswires.

YPF shares fell 3.5% in recent trading Wednesday, and Energy Transfer ( ET ) dropped 0.9%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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