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    AG&P pens FSU charter deal with ADNOC


The FSU will be used at AG&P's LNG import terminal in India. [Image: AG&P]

by: Shardul Sharma

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AG&P pens FSU charter deal with ADNOC

Singapore-based AG&P has signed a charter agreement with ADNOC Logistics & Services (ADNOC L&S), a unit of ADNOC, for a floating storage unit (FSU) to be used at its LNG import terminal in India, it said on December 21.

The operations and maintenance of the FSU will be undertaken by ADNOC L&S, while the conversion of the LNG carrier (LNGC) Ghasha to an FSU will be completed by GAS Entec, an AG&P subsidiary. The FSU will be moored alongside a regasification unit. The integrated terminal will have an initial capacity of 5mn metric tons/year.

The agreement is valid for 11 years with the option of a four-year extension. The India LNG import terminal is likely to be commissioned in the second half of 2024.

The LNG carrier Ghasha was built in Japan and is a moss-type containment vessel with a capacity of around 138,000 m3. It is part of ADNOC L&S' fleet of more than 300 vessels.

This is AG&P’s third charter deal with ADNOC L&S. The first deal was signed in 2020 and the second was inked earlier this year.