Tango FLNG To Commence Argentine Exports In 2Q
Tango FLNG, a floating liquefaction unit owned by Belgium’s Exmar, reached the port of Bahia Blanca, Argentina where it will commence operations in 2Q 2019, Exmar said February 4.
The unit, which formerly operated under the name Caribbean FLNG, left China enroute for the South American country on December 27, 2018. It has a liquefaction capacity of nearly 0.5mn metric tons/year and will process gas produced by YPF from Argentina’s Vaca Muerta shale gas play.
Use of the FLNG unit will allow Argentina, home to the world’s second largest accumulation of recoverable shale gas, to export excess natural gas resources during months when supply exceeds domestic demand.
The Tango FLNG export project has the potential to generate revenues of more than $20mn/year, according to local media outlet Mundo Maritimo.