Repsol Cancels LNG Shipments to Argentina on YPF Seizure
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Repsol YPF SA, Spain’s largest energy company, canceled nine shipments of liquefied natural gas to Argentina because the government breached contracts following the seizure of oil producer YPF SA.
The shipments scheduled for delivery this year were canceled because state-owned energy company Energia Argentina SA failed to meet terms of the agreement, Repsol spokesman Kristian Rix said today in a telephone interview from Madrid, declining to provide details. Repsol “reserves itself the right to seek damages” for the cancellation of the shipments, he said.