The Belgian company, EXMAR, announced that its Floating LNG Liquefaction Unit (FLNG) with the name Caribbean will be renamed Tango FLNG and it has already departed China with destination the port of Bahia Blanca, Argentina, for its liquefaction operations.
Tango FLNG is now on the voyage to Argentina which is expected to take approximately 45 days.
Upon its arrival, Tango FLNG will be put in operation for EXMAR’s customer YPF S.A. and is expected to start up LNG production in the second quarter of 2019. YPF will export LNG from the Vaca Muerta source at the Neuquén Basin.
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The project will introduce Argentina as a global LNG exporting nation, with a plan to export 500,000 tons of LNG annually to international markets.
Tango FLNG was the world’s first barge-based floating natural gas liquefaction and storage facility and it was delivered from Wison Offshore & Marine to EXMAR in July, 2017.
