YPF SA has reached a preliminary agreement with Excelerate Energy LP for a carrier charter to export LNG produced from Exmar’s Tango FLNG unit in Bahía Blanca, Argentina.
YPF SA has reached a preliminary agreement with Excelerate Energy LP for a carrier charter to export LNG produced from Exmar’s Tango FLNG unit in Bahía Blanca, Argentina. The final agreement is expected soon, and operations are to start the start of September.
The gas, produced mainly from Vaca Muerta shale field in Argentina’s Neuquen region, will be processed by the Tango FLNG unit at the Mega port in Bahía Blanca and then transported by the 138,000-cu m Excalibur carrier. The operation to load product to the carrier will take 45 days.
The vessel, provided by Excelerate, will be in service to YPF until May 2020. It will be one of two ships that YPF will utilize to transport Argentine LNG to the global market.
YPF commissioned its first cargo of about 25,000 cu m in May, becoming the first Argentine company to export LNG in its history.
YPF is the main energy company in Argentina and leader in the production of non-conventional resources. It is an integrated energy company that generates a varied offer: natural gas, electricity, fuels, petrochemical inputs, lubricants and agricultural products, among others. It has more than 1,500 service stations that allow it to supply all points of the country. For more information, please visit www.ypf.com.
About Excelerate Energy L.P.
Excelerate Energy L.P. is a US-based LNG company located in The Woodlands, Texas. Excelerate is owned by George B. Kaiser and is part of his energy group that also includes Kaiser Francis Oil Co, an E&P company with production in the U.S. and Canada along with significant midstream assets, and Cactus Drilling Co, the largest private drilling company in the US. Excelerate is the pioneer and market leader in innovative floating LNG solutions, providing integrated services along the entire LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Buenos Aires, Chittagong, Dhaka, Doha, Dubai, Rio de Janeiro, Salem, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com