KUALA LUMPUR, Feb 12 -- 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, the 137,756 cubic metre FSU owned by ADNOC L&S is being chartered for 15 years via an innovative commercial model enabling supply to be scaled to match demand.
According to AG&P in a statement, the construction on the terminal will begin in the first half of this year with commercial operations expected to commence before 2021-end.
ADNOC L&S will provide a Japan-built, Moss-type containment vessel as FSU for the project from its fleet of eight LNG ships.
The facility will have an initial capacity of one million tonnes per annum (MTPA) which will be expanded to three MTPA in the medium term as demand increases.
It will serve domestic, industrial and commercial customers within a 500km radius, including the heavily industrialised region of central Tamil Nadu, which has major manufacturing clusters for the fertiliser, cement, steel, textile, leather, sugar and garment industries.
In addition, it will serve gas-fired power plants as well as AG&P’s own extensive city gas distribution network across South India.
The Karaikal FSU will be only the fourth FSU-based LNG import terminal in the world, after those in Malta, Malaysia and Bahrain.
-- BERNAMA
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