Exmar Slams ‘Unlawful’ Tango FLNG Force Majeure by YPF

Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic.

According to Exmar, YPF claims that effects of the coronavirus pandemic both worldwide and in Argentina have hindered YPF’s ability to perform its obligations under the Tango FLNG agreements. This includes but is not limited YPF’s ability to pay the invoices due for services performed for the period starting the second half of March 2020.

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