YPF advances LNG exports with Exelerate carrier agreement

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.

190725 Ypf Exelerate Excaliber
Excelerate Energy LP

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.

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