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YPF and Excelerate sign preliminary agreement for LNG carrier charter

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LNG Industry,

YPF has announced that it has reached a preliminary agreement with Excelerate Energy L.P. for the charter of an LNG carrier, which will export LNG from the Tango floating LNG (FLNG) unit located in Bahía Blanca to the global gas market.

Marcos Browne, Executive Vice President of Gas and Energy of YPF, said: “We continue progressing in our ambition to add value to Argentine natural gas and to export surpluses during those months of low local consumption, to fully extract the potential as producer and exporter of Argentine natural gas.”

Gabriela Aguilar, General Manager of Excelerate in Argentina, added: “It is a milestone for us to partner with YPF in this activity by contributing all of our industry know-how in the transportation of Argentine natural gas to the world.”

According to the statement, the carrier will be the Excalibur, which has a storage capacity of 138 000 m3. The loading of YPF’s product to the carrier will be carried out through an operation that will last approximately 45 days.

YPF claims that the vessel has proven experience in the main international LNG terminals, and, as part of the agreement, will be in the company’s service until May next year. It will be one of two vessels used by YPF to transport Argentine LNG to the global market.

According to the statement, YPF commissioned its first cargo in May this year, reaching a historic milestone by becoming the first Argentine company to export LNG in its history.

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