ADNOC unit to lease LNG vessel to Singapore's Atlantic Gulf & Pacific
2/10/2020
Abu Dhabi National Oil Company’s logistics and services subsidiary unit signed on Monday an agreement to lease a liquefied natural gas (LNG) vessel to Singapore’s Atlantic Gulf & Pacific company, the United Arab Emriates news agency WAM said.
The vessel, which will be deployed as a floating storage unit, will be leased over a period of 15 years from 2021 onwards, with the option of extending it for five years.
Reporting by Nayera Abdallah; Editing by Edmund Blair
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