EXMAR is pleased to confirm that it has completed the commissioning of the Tango FLNG. The performance acceptance tests has been successful, the first cargo has been offloaded and will be exported out of Argentina.

With this first shipment the start-up of the Tango FLNG is accomplished in a record time following the contract signing in November 2018 and delivery acceptance of the unit in Bahia Blanca in February 2019. The achievement of this milestone has been possible thanks to the excellent cooperation between the teams of YPF and EXMAR.

For YPF, the delivery of the first LNG cargo of about 25,000 m³ from the Vaca Muerta shale gas reserves marks the entry of Argentina to the select club of global LNG exporting nations.

“For EXMAR, the successful performance test in Bahia Blanca confirms the technical capabilities of the Tango FLNG. Tango FLNG is the first FLNG operating in the Americas and this historic milestone clearly proves EXMAR’s front runner position for cost competitive and quick-to-market floating liquefaction solutions”, commented Nicolas Saverys, EXMAR’s Chief Executive Officer. The unit is generating earnings since early May and is expected to be fully on stream after the Argentine winter season.

EXMAR’s Board of Directors and Executive Committee wish to thank all employees and stakeholders in this project for the great dedication and impressive execution work over the past months.

About EXMAR

EXMAR (ERB: EXM) is a provider of floating solutions for the operation, transportation and transformation of gas. EXMAR’s mission is to serve customers with innovations in the field of offshore extraction, transformation, production, storage and transportation by sea of liquefied natural gases, petrochemical gases and liquid hydrocarbons.

EXMAR creates economically viable and sustainable energy value chains in long-term alliances with first class business partners. EXMAR designs, builds, certifies, owns, leases and operates specialized, floating maritime infrastructure for this purpose as well as aiming for the highest standards in performing commercial, technical, quality assurance and administrative management for the entire maritime energy industry.

EXMAR has been a pioneer in introducing innovations along the entire LNG and LPG value chain for offshore and inshore ship-to-ship transfers, regasification and floating liquefaction (FLNG) projects around the world. EXMAR is one of the world’s largest operator of floating regasification units, with 24/7 management of 11 FSRUs.

About YPF

YPF (BCBA: YPFD) is the main energy company in Argentina and leader in the production of non-conventional resources. It is an integrated energy company that generates a varied offer: natural gas, electricity, fuels, petrochemical inputs, lubricants and agricultural products, among others. It has more than 1500 service stations that allow it to supply all points of the country.