Exmar secures 10-year FLNG agreement from YPF

Exmar secures 10-year FLNG agreement from YPF

Nicloas Saverys-led Exmar has entered into a 10-year agreement with Argentine energy company YPF for the deployment of the company’s floating LNG liquefaction unit (FLNG) Caribbean FLNG to produce and export LNG from the Vaca Muerta source at the Neuquén Basin in Argentina.

The FLNG barge, which has a liquefaction capacity of 500,000 tons of LNG per annum, will be renamed Tango FLNG and deployed to the port of Bahia Blanca.

The project marks the entry of Argentina to the select club of global LNG exporting nations. The country has an initial plan to export 500,000 tons of LNG per year to overseas markets.

“We are delighted to reach this agreement with YPF. It opens up new markets and opportunities for the fast-track monetization of natural gas reserves along new routes of energy. We are confident that EXMAR’s experience in the region and unique expertise in liquefaction will support YPF’s ambition to become a significant LNG supplier,” commented Nicolas Saverys, Exmar’s Chief Executive Officer.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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