YPF ships third LNG cargo from Vaca Muerta

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Argentina’s state-run oil company, YPF, has shipped the country’s third liquefied natural gas (LNG) cargo, marking its entrance into the European market earlier this month, Kallanish Energy reports.

The company said it exported 130,000 cubic meters of LNG to Barcelona, Spain, on Dec. 31, without naming a buyer. The Methane Kari Elin tanker was scheduled to arrive at the Spanish port around Jan. 20, Kallanish Energy learns.

The cargo is the third produced and shipped from its floating plant Tango FLNG, located offshore Bahia Blanca. The facility has a liquefaction capacity of roughly 0.5 million tonnes of LNG per year, enabling Argentina to process and export its abundant shale resources.

“With this operation, YPF leads the development of Vaca Muerta’s strategic resources by generating alternatives that allow adding value to gas production and making its export to the world a reality,” the company said, in a statement.

Source: https://www.kallanishenergy.com


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