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Exmar’s Tango FLNG Surpasses Production Targets, Awaits Performance Bonus

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Exmar’s Tango FLNG Surpasses Production Targets, Awaits Performance Bonus

Exmar NV ( (GB:0EEV) ) just unveiled an announcement.

Exmar NV announced that its Tango FLNG unit has surpassed its guaranteed production levels, marking an important milestone in its operational performance with an annual equivalent production exceeding 0.6 million tons. This overperformance entitles Exmar to a performance-related bonus, although the amount is yet to be determined, potentially strengthening its financial standing and market position.

More about Exmar NV

Exmar NV operates in the energy sector, focusing on the liquefaction and transportation of natural gas. The company is involved in providing floating solutions for the production, storage, and transportation of liquefied natural gas (LNG), particularly targeting markets that require flexible and cost-effective LNG production capabilities.

YTD Price Performance: -0.70%

Average Trading Volume: 798

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €650.1M

Find detailed analytics on 0EEV stock on TipRanks’ Stock Analysis page.

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