Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

AG&P, ADNOC Logistics sign 15-year LNG charter deal for Indian import facility

Liquefied natural gas (LNG) logistics firm Atlantic Gulf & Pacific (AG&P) and ADNOC Logistics and Services said on Monday they have signed a deal for the long-term charter of a floating storage unit (FSU) at a new import facility in southern India.

The agreement is for the conversion, supply, operations and maintenance of the FSU at AG&P’s new LNG import facility in Karaikal port in Puducherry, India, they said.

The 137,756 cubic metre FSU is owned by ADNOC Logistics and Services, which is a fully-owned firm by Abu Dhabi National Oil Company (ADNOC), and is being chartered for 15 years, the companies said in a joint statement.

Construction on the terminal will start in the first quarter of this year, with commercial operations expected to start before the end of 2021, they added.

Owned and operated by AG&P, the LNG import facility at the Karaikal port will have an initial capacity of 1 million tonnes per annum (mtpa) and will be expanded to 3 mtpa in the medium term as demand increases, the companies said.

The terminal will serve domestic, industrial and commercial customers within a 500-kilometre radius, including the heavily industrialized region of central Tamil Nadu, which has major manufacturing clusters for the fertilizer, cement, steel, textile, leather, sugar and garment industries, they said.

It will also serve gas-fired power plants as well as AG&P’s own city gas distribution network across southern India, they added.

Reporting by Jessica Jaganathan; editing by Uttaresh.V

Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment: China eyes continued expansion of smaller-scale LNG
-Adrienne Blume
Smaller-scale liquefaction in China, the world’s second-largest LNG importer, has experienced growth in recent years as China’s government integrates more gas into the country’s energy matrix.
Executive Q&A Viewpoint: SeaOne expands South American energy options with Compressed Gas Liquid technology
-Bruce Hall
SeaOne is a midstream infrastructure and logistics company that leverages its patented Compressed Gas Liquid (CGL™) technology to lower energy costs in various markets, generating new opportunities for economic growth and environmental stewardship.

GasPro 2.0: A Webcast Symposium

Register Now

Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2020 Gulf Publishing Holdings LLC.