YPF Finalizes Petronas Deal, Follows Shell Agreement

TL;DR

YPF locked in a deal with Petronas, building on their Shell talks.

AI Summary

YPF Sociedad Anónima announced on December 19, 2024, the finalization of a Joint Study and Development Agreement (JSDA) with Petronas. This agreement follows a prior understanding with Shell, indicating a strategic move in the energy sector.

Why It Matters

This development signifies YPF's strategic partnerships and potential expansion in energy projects, impacting its future operational and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates strategic partnerships, which can carry inherent risks related to project execution, market conditions, and partner performance.

Key Players & Entities

• YPF Sociedad Anónima (company) — Registrant
• Petronas (company) — Partner in JSDA
• Shell (company) — Previous understanding
• December 19, 2024 (date) — Filing date and announcement date

FAQ

Filing Documents

• d909809d6k.htm (6-K) — 13KB
• g909809g1219235706846.jpg (GRAPHIC) — 1KB
• 0001193125-24-282039.txt ( ) — 16KB

From the Filing

6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-12102 YPF Sociedad Anónima (Exact name of registrant as specified in its charter) Macacha Güemes 515 C1106BKK Buenos Aires, Argentina (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-FForm 40-F To the COMISIÓN NACIONAL DE VALORES (CNV) Sub-management of Issuing Companies 25 de Mayo 175 BOLSAS Y MERCADOS ARGENTINOS S.A. (ByMA) Sarmiento 299, 2nd Floor MERCADO ABIERTO ELECTRÓNICO S.A. (MAE) San Martín 344 Re: Agreement with Shell - Finalization of JSDA with Petronas Dear Sir or Madam, The purpose of this letter is to comply with the requirements of the Comisión Nacional de Valores (the CNV ) Rules and the corresponding ByMA and MAE Rules. In this regard, and continuing with our relevant fact dated September 1, 2022, please find attached the Companys press release in connection with the above-referenced matter. Sincerely, Margarita Chun Market Relations Officer YPF S.A. YPF and Shell sign a Project Development Agreement (PDA) for the first phase of the Argentina LNG Project YPF President and CEO Horacio Marin, and Shells Executive Vice President of LNG, Cederic Cremers, signed a PDA for the development of Argentinas LNG Project in The Hague, Netherlands. The PDA means that Shell will join the project. The parties commit to mature the development of the first phase of the Argentina LNG project towards a decision to enter the Front -End Engineering and Design (FEED) stage. The first phase has a liquefaction capacity of 10 million tons per year (MTPA). We are proud to have Shell, with its world leading LNG business, join the project. As a pioneer in the LNG market, Shells knowledge and experience will be instrumental in helping position Argentina as a reliable and competitive global energy provider, said the president of YPF. With Shell entering into the development of the first phase of the ARG LNG Project, Petronas participation as a partner of YPF has come to an end. Both will continue working on the development of the La Amarga Chica area in Vaca Muerta. YPF acknowledges Petronas valuable contribution during the last two years, sharing with YPFs teams its technical and commercial experience in the LNG market. The joint work has contributed to the development of the ARG LNG Project to its current stage and will allow further steps to be taken. About the Argentina LNG Project Argentina LNG is a project for the liquefaction of gas for export to global markets. It includes gas production from dedicated blocks in Vaca Muerta and its transportation through dedicated pipelines. These pipelines will extend 580 kilometers to a processing and liquefaction terminal to be built in Sierra Grande, Rio Negro, on the Atlantic coast. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. YPF Sociedad Anónima Date: December 19, 2024 By: /s/ Margarita Chun Name: Margarita Chun Title: Market Relations Officer

View Full Filing

View this 6-K filing on SEC EDGAR