Argentinian state-run oil company YPF has signed a 10-year commercial partnership with Asian shipping company Exmar to use one of its floating liquefied natural gas (FLNG) vessels to export the commodity, beginning in Q2 2019. The deal will see LNG extracted from the country's vast and largely untapped Vaca Muerta shale gas reserves to sell on the Belgian markets. While there are around 20 countries exporting LNG, there are only four FLNG vessels globally and Exmar is the smallest.
Argentinian state-run oil company YPF has signed a 10-year commercial partnership with Belgian shipping company Exmar to use one of its floating liquefied natural gas (FLNG) vessels to export the commodity, beginning in Q2 2019. The deal will see LNG extracted from the country's vast and largely untapped Vaca Muerta shale gas reserves to sell on the Asian markets. While there are around 20 countries exporting LNG, there are only four FLNG vessels globally and Exmar is the smallest.