Eni has signed a Sale and Purchase Agreement (SPA) to acquire a 32% ownership in three upstream blocks (Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas) in Argentina's unconventional Vaca Muerta basin. Following the acquisition, which is still subject to regulatory approval, the three upstream blocks will be held by YPF (36%), Eni (32%), and XRG (32%). The three blocks will be part of the Argentina LNG Integrated Development, an upstream-midstream project aiming at utilizing the Vaca Muerta gas resources and bolstering the country's long-term position as a worldwide LNG supplier. The resources from these assets will contribute to the 12 million tonnes per year (MTPA) of LNG capacity (by two floating units of 6 MTPA each). Eni's General Manager, Global Natural Resources, Guido Brusco, stated, "Our participation in the Vaca Muerta unconventional basin, in conjunction with YPF and XRG, enhances Eni's capacity to develop gas resources on a global scale and transform them into competitive LNG for international markets. Vaca Muerta is one of the world's most resource-rich unconventional basins; our involvement positions us along the entire value chain, from the Argentine upstream to the supply of LNG to international customers, thereby contributing to global energy security and creating value".