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The Logistics unit of Abu Dhabi Nationwide Oil Co (ADNOC) has penned a take care of Singapore-based Atlantic, Gulf & Pacific (AG&P) to constitution out a floating storage unit (FSU) for the Philippines’ first LNG import terminal.
The constitution with ADNOC Logistics & Providers (ADNOC L&S) is for 11 years and comes with a four-year extension possibility. It follows a earlier partnership between the 2 corporations for the conversion, provide, operations, and upkeep of a floating storage unit (FSU) at India’s Karaikal Port.
The deal will see the conversion of 27-year-old 137,540 cu m liquefied pure fuel (LNG) service Ish (pictured) into an FSU for a brand new import and regasification terminal in Batangas Bay set to be commissioned in July this yr. The power can have an preliminary capability of 5 mtpa.
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