AG&P secures FSU from Adnoc for LNG import terminal in India

Singapore-based LNG firm AG&P has signed a deal with a unit of UAE’s Abu Dhabi National Oil Co (Adnoc) to charter a floating storage unit for its LNG import terminal in India.

Under the deal, AG&P would use the LNG carrier carrier Gasha at its import terminal in India, and expects to commission it in the second half of 2024, the firm said in a statement on Wednesday.

AG&P did not reveal the location of the import terminal.

This is the company’s third charter deal with ADNOC Logistics & Services and follows the FSU agreement for its LNG import terminal in the Philippines as well as for its LNG import facility located within Karaikal port in Puducherry, India.

The new deal is valid for 11 years with the option of a four-year extension.

Gas Entec in charge for conversion

The 1995-built Ghasha is a Moss-type containment vessel with a capacity of around 138,000 cubic meters.

ADNOC L&S is in the midst of a renewal project of its LNG fleet and the company is repurposing its older vessels to extend their life.

Moreover, ADNOC L&S will take over the operations and maintenance of the Gasha FSU while Gas Entec, a unit of AG&P, will deliver the conversion of the LNG carrier to an FSU.

AG&P said that the FSU would be moored alongside a regasification unit, manufactured by the company’s unit.

The integrated terminal would have an initial capacity of 5 million tons per annum (mtpa), it said.

Most Popular

Woodside updates on Louisiana LNG construction work

Australian LNG producer Woodside has released the latest construction update for the first phase of its Louisiana LNG project.

Shell’s LNG Canada set to receive LNG cargo as part of commissioning activities

Shell’s LNG Canada is set to receive a cargo of liquefied natural gas onboard the 173,400-cbm LNG carrier, Maran Gas Roxana, as part of the commissioning and start-up phase, a spokesman for LNG Canada told LNG Prime.

Atlantic LNG shipping rates rise to $31,000 per day

Atlantic LNG freight rates rose to $31,000 per day this week, while European prices also increased compared to the prior week.

More News Like This

Nebula’s AG&P LNG, Indonesia’s PLN EPI form JV

Nebula Energy’s AG&P LNG has formed a 20-year joint venture with PT PLN Energi Primer Indonesia (PLN EPI) and partners to develop LNG infrastructure for the Sulawesi-Maluku power plant gasification project.

Adnoc, Osaka Gas finalize Ruwais LNG supply deal

UAE's Adnoc has signed a 15-year sales and purchase agreement with Japan’s Osaka Gas to supply the latter with liquefied natural gas from its LNG terminal in Al Ruwais.

Adnoc wraps up $2.84 billion offering of Adnoc Gas shares

UAE's energy giant Adnoc has completed a $2.84 billion marketed offering in its gas and LNG unit Adnoc Gas.

UAE’s Adnoc, India’s BPCL seal LNG supply deal

A unit of UAE’s Adnoc has signed a deal with India's state-run Bharat Petroleum Corp (BPCL) to supply the latter with liquefied natural gas (LNG).