Argentina Begins to Tango

Wednesday, 13 November 2019

YPF’s launch as an LNG exporter went to plan with the Tango FLNG barge at near capacity

YPF’s Tango FLNG barge moored at the port of LPG fractionator Mega – a joint venture consisting of YPF, United States chemicals major Dow and Brazil’s state-controlled petrochemical champion Petrobras – has exported its first LNG cargo aboard the LNG carrier Excalibur in the late evening hours of Friday last week. YPF has maintained throughout that formal trading will commence in 3Q 2019 despite various reports a cargo had already been shipped in June this year. The company’s LNG export last week thus marks the passing of a milestone in Argentina’s strategy to reverse the flow of the expensive fuel.

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