+
AG&P secures FSU  for LNG import terminal in India
OIL & GAS

AG&P secures FSU for LNG import terminal in India

A charter agreement for the use of a liquefied natural gas (LNG) carrier as a floating storage unit in India has been inked by Singapore-based Atlantic, Gulf and Pacific (AG&P) and the maritime logistics division of state oil company Abu Dhabi National Oil Company (ADNOC).

ADNOC Logistics & Services is the owner of the LNG ship (ADNOC L&S). It will be put to use at AG&P's LNG import terminal in India, which will be put into operation in the second half of 2024, the company said in a statement.

This is the third contract the two businesses have signed for the lease of floating storage units in India and the Philippines. The arrangement is valid for 11 years with a four-year extension option.

The announcement further stated that ADNOC L&S will handle its operations and maintenance while GAS Entec, an AG&P subsidiary, would transform the LNG carrier into a floating storage unit.

The integrated terminal's initial capacity will be 5 million tonnes per year, and the floating storage unit will be anchored next to a unit for regasification (mtpa).

Early in December, a representative of AG&P stated that the business planned to build its first LNG terminal in India by the end of 2024.

See also:
Petronet LNG to set up floating LNG terminal at Gopalpur
IOC in talks with Tellurian of US for long-term LNG deal


A charter agreement for the use of a liquefied natural gas (LNG) carrier as a floating storage unit in India has been inked by Singapore-based Atlantic, Gulf and Pacific (AG&P) and the maritime logistics division of state oil company Abu Dhabi National Oil Company (ADNOC). ADNOC Logistics & Services is the owner of the LNG ship (ADNOC L&S). It will be put to use at AG&P's LNG import terminal in India, which will be put into operation in the second half of 2024, the company said in a statement. This is the third contract the two businesses have signed for the lease of floating storage units in India and the Philippines. The arrangement is valid for 11 years with a four-year extension option. The announcement further stated that ADNOC L&S will handle its operations and maintenance while GAS Entec, an AG&P subsidiary, would transform the LNG carrier into a floating storage unit. The integrated terminal's initial capacity will be 5 million tonnes per year, and the floating storage unit will be anchored next to a unit for regasification (mtpa). Early in December, a representative of AG&P stated that the business planned to build its first LNG terminal in India by the end of 2024. See also: Petronet LNG to set up floating LNG terminal at Gopalpur IOC in talks with Tellurian of US for long-term LNG deal

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code