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Report: Argentina's YPF to export 1st LNG cargo from Exmar-owned facility

Argentine oil and gas producer YPF Sociedad Anónima is planning to offer a partial LNG cargo from a floating production facility in Bahia Blanca, marking the first LNG export from the country, Reuters reported, citing two LNG trading sources.

The cargo would likely come from FLNG Tango, owned by Belgian shipping company Exmar NV, which arrived at Bahia Blanca in February, the report said. The state-run YPF would offer the 30,000-cubic-meter cargo on a free-on-board basis for prompt loading, according to one of the Reuters sources.

The move would make Argentina the 21st country to export LNG, according to the report. Still, the country is expected to continue importing the commodity as Integración Energética Argentina SA has issued buy tenders for LNG cargoes for delivery from May to September, Reuters reported.

In June 2018, Marcos Browne, executive vice president for gas and energy at YPF, said Argentina will become an LNG exporter in the next five years thanks to higher production from the country's Vaca Muerta formation.