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.

- Advertisements -

Most Popular

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Nigeria’s NNPC teams up with China’s Wison on floating LNG project

State-run Nigerian National Petroleum Corp is joining forces with China's Wison to develop a floating LNG production project in...

Trinidad seals Atlantic LNG restructuring deal with Shell and BP

Trinidad and Tobago has finally signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, Shell, BP,...

More News Like This

VTTI and Hoegh LNG join forces on Dutch FSRU terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, is joining forces with FSRU player Hoegh LNG...

Adnoc plans to boost Das Island LNG capacity by 0.9 mtpa

Adnoc Gas, the gas and LNG unit of UAE's energy giant Adnoc, plans to add about 0.9 mtpa of...

UAE’s Adnoc says ‘advancing’ towards Ruwais LNG FID

UAE’s energy giant Adnoc is getting closer to taking a final investment decision to build its second LNG terminal...

Adnoc Gas to supply LNG to Jera Global Markets

UAE's Adnoc Gas, a unit of Adnoc, has signed a deal to supply liquefied natural gas (LNG) to Jera...