BUENOS AIRES, Sept. 4 (Xinhua) -- Argentina's state-owned oil company YPF and Russia's energy giant Gazprom on Tuesday agreed to pursue gas exporation in Argentina and also to seek ways to increase liquified natural gas (LNG) supplies from Russia.
"It was a positive meeting and another open door to advance the ambitious goals we have set ourselves," said Miguel Galuccio, director general of Argentina's company Yacimientos Petroliferos Fiscales (YPF), after a meeting with in Moscow with Alexey Miller, head of Gazprom's board of directors.
The two chiefs at the meeting, which was arranged by Argentine President Cristina Fernandez and her Russian counterpart Vladimir Putin at the last G20 summit in Mexico's resort of Los Cabos, also looked at possible scientific and technical cooperation projects.
"Gazprom is the world's leading gas company and we have found common ground to quickly explore joint collaboration," Galuccio added.
YPF declined to say if any specific amount of investment was mentioned at their meeting.
Gazprom is Russia's sole producer and exporter of LNG, with the world's largest distribution network.
Argentina's government, which holds a 51 percent stake in YPF, expropriated the consistently underperforming compnay last May from Spain's multinational corporation Repsol.
Last week, YPF announced in Buenos Aires that it would invest 37.2 billion U.S. dollars between 2013 to 2017 to increase the country's gas production by 32 percent.