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Watch: First FLNG vessel operating in the Americas is berthed

PortandTerminal.com, February 22, 2019

EXMAR’s Floating Liquefaction Unit (FLNG), renamed Tango FLNG, has berthed in Bahia Blanca, Argentina where it will stay and produce LNG for export for YPF over a ten-year period.

After contract signing in November 2018, the unit was transported from China to Argentina onboard the heavy lift vessel “FORTE”. The departure of the first fully-loaded conventional LNG carrier is expected in the second quarter of 2019.

YPF

YPF S.A. is a vertically integrated Argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products.

EXMAR

Exmar NV (EXMR.BR) is a Belgium-based company engaged in the operation and ownership of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) Carrier. The Company’s activities are structured into four business segments: LPG, LNG, Offshore, and Services.

Nicolas Saverys, CEO Exmar and owner of SAVEREX, the company’s largest shareholder

Exmar’s controlling shareholder is SAVEREX, a private company, based in Antwerp and controlled by Nicolas Saverys, CEO of EXMAR. SAVEREX currently owns 47% of EXMAR.

Tango FLNG is the first project using EXMAR’s FLNG technology and will soon become the first FLNG to produce LNG in the Americas. This will turn Argentina into an LNG exporter. Tango FLNG is designed to operate with a liquefaction capacity of approximately 0.5 million tons of LNG per year and will play a key role in YPF’s endeavours to export Vaca Muerta gas reserves to international markets.

Watch

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