YPF terminates Tango FLNG charter
October 20, 2020
Belgian shipping line Exmar has reached a settlement agreement with Argentine oil and gas company YPF SA over the dispute started in June 2020 under the Tango FLNG. Liquefaction activities at Tango LNG were stopped by YPF in May 2020 with the start of winter season in the Southern Hemisphere. A settlement amount of US$150M will be paid by YPF to Exmar for the early termination of their charter agreements and the withdrawing of arbitration proceedings. The production barge is now available for hire.