AG&P, Adnoc Sign FSU Charter Deal
Singapore-based Atlantic Gulf & Pacific (AG&P) and Adnoc Logistics and Services (Adnoc L&S) have signed an agreement for the conversion, supply, operations, and maintenance of a floating storage unit (FSU) at AG&P’s new LNG import facility located within Karaikal Port in Puducherry, India, AG&P said February 10.
The 137,756 m3 FSU owned by Adnoc L&S is being chartered for 15 years and construction on the terminal will begin in Q1 2020 with commercial operations expected to commence before the end of 2021.
The Karaikal FSU will be only the fourth FSU-based LNG import terminal in the world, after those in Malta, Malaysia, and Bahrain, AG&P said. Adnoc L&S will provide a Japan-built, Moss-type containment vessel as FSU for the project from its fleet of eight LNG ships.
Owned and operated by AG&P, the LNG import facility at the Karaikal Port will have an initial capacity of 1mn metric tons/yr which will be expanded to 3mn mt/yr in the medium term as demand increases.
The terminal will serve domestic, industrial and commercial customers within a 500-km radius, including the industrialised region of central Tamil Nadu, which has major manufacturing clusters for the fertiliser, cement, steel, textile, leather, sugar and garment industries, AG&P said. In addition, it will serve gas-fired power plants as well as AG&P’s own extensive city gas distribution network across southern India.