Exmar and YPF have signed a firm 10-year agreement to deploy Exmar's barge-based floating LNG liquefaction unit (FLNG) currently known as Caribbean FLNG to produce and export LNG from the Vaca Muerta source at the Neuquen Basin in Argentina.
The initial plan is to export 500,000 tonnes of LNG per year to overseas markets.
Caribbean FLNG will be renamed Tango FLNG and deployed to the port of Bahia Blanca. The vessel has a liquefaction capacity of 500,000 tonnes of LNG per year.
Up to eight LNG cargoes per year will be produced over a ten-year period.