YPF calls force majeure on Tango FLNG

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By Adnan Bajic Belgium’s Exmar, the Nicolas Savery-led shipowner, has been notified by YPF of force majeure on the Tango FLNG unit.

Courtesy of Exmar

The Argentinian energy company YPF claimed in its notice that effects of the coronavirus pandemic, both worldwide and in Argentina have hindered YPF’s ability to perform its obligations under the charter and services agreement with Exmar for the Tango FLNG.

These include, but are not limited to, YPF’s ability to pay the invoices due for services performed for the period starting the second half of March 2020.

Exmar said in its statement it considers the notice to be unlawful, has

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