Shell (SHEL) and YPF (YPF) signed an agreement in the Netherlands to develop a liquefied natural gas plant in Argentina, according to a YPF statement on Thursday that was translated from Spanish.
Shell will enter the development of the first phase of the project, which aims to export the gas to world markets, YPF said.
The company said that Petronas' participation as a partner of YPF ends with Shell's entry into the project.
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