YPF Sociedad Anónima YPF, Argentina’s state-run oil company, recently signed a memorandum of understanding with three major Indian oil players to export up to 10 million tons of liquefied natural gas (LNG) annually.
The memorandum of understanding, inked with Oil and Natural Gas Corporation, Gas Authority of India Limited and Oil and Natural Gas Corporation Videsh Limited in New Delhi, also covered cooperation in lithium, critical minerals and hydrocarbon exploration and production.
In December 2024, YPF collaborated with Shell for a $50 billion deal to develop the first phase of the Argentina LNG export project. The project’s objective was to produce 10 million tons of natural gas annually from the vast reserves of the highly lucrative Vaca Muerta shale formation to serve the rising demand from the European and Asian markets.
Beyond LNG, the deal includes a strategic partnership to develop Argentina’s lithium industry.Since India is on its decarbonization path, it needs a secure supply of lithium to support the production of electric vehicles. YPF, in the abovementioned deal, agreed upon cooperation in lithium, which can be extracted, processed and exported to India for use in the manufacture of electric vehicles.
YPF’s Vaca Muerta is known for playing a pivotal role in turning Argentina into an energy powerhouse, as it has the second-largest shale gas reserve worldwide. The shale patch has the potential to cut back Argentina’s dependence on oil and gas imports.
YPF expressed optimism regarding Argentina’s potential to become a global energy exporter and achieve the objective of generating $30 billion in revenues over the next decade.
To secure more business and expand the company’s export potential, YPF’s chief executive recently visited countries like Israel, South Korea and Japan.
YPF Sociedad Anonima is an international energy company based on the integrated business of hydrocarbons. Currently, YPF has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some top-ranked stocks like ARC Resources Ltd. AETUF, Gulfport Energy Corporation GPOR and Cheniere Energy, Inc. LNG.While ARC Resources and Gulfport Energy currently sport a Zacks Rank #1 (Strong Buy) each, Cheniere Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Calgary, Canada-based ARC Resources is engaged in the exploration, acquisition and development of oil and natural gas properties. AETUF’s expected EPS growth rate for next year is 50.78%, which aligns favorably with the industry growth rate of 10.50%.
Gulfport Energy is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America. The Zacks Consensus Estimate for GPOR’s 2024 earnings indicates 108.53% year-over-year growth.
Houston, TX-based Cheniere Energy is primarily engaged in businesses related to liquefied natural gas through its two business segments: LNG terminal, and LNG and natural gas marketing. LNG’s expected EPS (earnings per share) growth rate for the next quarter is 34.27%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
YPF Sociedad Anonima (YPF) : Free Stock Analysis Report
Cheniere Energy, Inc. (LNG) : Free Stock Analysis Report
Gulfport Energy Corporation (GPOR) : Free Stock Analysis Report
Arc Resources Ltd. (AETUF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.