22NOV2018 - NEWS - Argentina to start exports of liquefied natural gas through a floating LNG liquefaction vessel next year

According to the Belgian shipping company, Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar. The operations, due to start in the second quarter of 2019, will introduce Argentina into the small club of around 20 countries exporting LNG while the FLNG will be only the world's fourth and the smallest. The country's state-controlled oil company YPF signed a 10-year agreement with Exmar to deploy the barge-based FLNG, formerly known as the Caribbean FLNG, at Bahia Blanca on the east coast about 400 miles south of Buenos Aires. The port hosted South America's first LNG import terminal, a floating storage and regasification unit (FSRU) provided by U.S. company Excelerate.

Published by Editor - www.Livebunkers.com at 22-Nov-2018 06:30:40 [UTC] , contact editor at editor@livebunkers.com