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

FEATURED COLUMNS

Business Trends: Four challenges to Australia’s rising role in the global LNG market
-David Gross
The past 10 yr have been the decade of natural gas, but the next 10 yr will belong to LNG as countries race to build out their export capacity.
Editorial Comment
-Adrienne Blume
Australia and Middle Eastern countries, which have been net LNG exporters, are now foraying into LNG imports due to supply issues.
Industry Focus: Mixed performance for Africa’s gas markets in 2019 poses questions for next decade
-Shem Oirere
As 2020 begins, Africa’s gas market is left with a mixed bag of achievements that only partly confirms a prediction by the International Gas Union (IGU) in early 2019 that the continent’s natural gas segment is “facing a potential turning point.”
Regional Focus: North American NGL to boom alongside petrochemicals
-Eugene Khartukov
Strong natural gas production and rapidly rising demand from petrochemicals makers have resulted in record-high production of natural gas plant liquids in North America, particularly in the U.S. This growth has been led by ethane.


GasPro 2.0: A Webcast Symposium

View On-Demand

Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

October 24, 2019 08:30 AM CDT

View On-Demand

 

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.