Belgian shipping line Exmar says FLNG hull project in Argentina is now fully commissioned

Friday, 07 June 2019
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Exmar, the Belgian shipping line and owner of the “Tango FLNG” hull chartered to Argentina, said the production vessel has now been fully commissioned after the loading of the first cargo.

“The performance acceptance tests have been successful, the first cargo has been offloaded and will be exported out of Argentina,” said Exmar.

“With this first shipment the start-up of the Tango FLNG is accomplished in a record time following the contract signing in November 2018 and delivery acceptance of the unit in Bahia Blanca in February 2019,” explained Exmar.

Antwerp-based Exmar said the First Argentine shipment has been possible thanks to the excellent cooperation between the teams of Argentine energy company YPF and Exmar.

Exmar stated that the first YPF LNG cargo amounted to around 25,000 cubic metres of gas from Vaca Muerta shale gas reserves in northwest Argentina and marked the entry of Argentina to the club of global LNG exporting nations.

“For Exmar, the successful performance test in Bahia Blanca confirms the technical capabilities of the ‘Tango FLNG’, the first such vessel operating in the Americas,” said Nicolas Saverys, Exmar’s Chief Executive.

“The unit is generating earnings since early May and is expected to be fully on stream after the Argentine winter season,” added the CEO.

“Exmar’s Board of Directors and Executive Committee wish to thank all employees and stakeholders in this project for the great dedication and impressive execution work over the past months,” said the Belgian company.

The “Tango FLNG” plant is chartered under a 10-year agreement from Belgian shipping company Exmar.

The vessel is the former floating liquefaction unit, “Caribbean FLNG”, constructed for a cancelled venture in the South American state of Colombia and renamed before being sent to Argentina.

YPF did not specify the destination of the first shipment, though said the sales operation was helped by the marketing arm of US LNG exporter Cheniere Energy.

Growing natural gas production from the Vaca Muerta shale play in northwest Argentina will eventually meet all of the nation’s energy requirements and leave a surplus for export.

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