Atlantic, Gulf & Pacific International Holdings (AG&P) said its chartered liquefied natural gas (LNG) carrier, ISH, has been converted to a floating storage unit (FSU) with a capacity of 137,512 cubic meters (cu. m.).
The vessel will be part of AG&P’s combined offshore-onshore import terminal in Batangas that will have an initial capacity of 5 million tons per annum.
Last February, AG&P signed a 15-year long-term charter agreement with ADNOC Logistics and Services for the supply, operation and maintenance of the FSU that will be capable of loading LNG at a peak rate of 10,000 cu. m. per hour and a discharge-to-shore peak rate of 8,000 cu. m. per hour.
Joseph Sigelman, AG&P group chairman and chief executive officer, said in a statement yesterday the company is looking forward to opening the LNG import terminal by early next year.
Karthik Sathyamoorthy, AG&P Terminals and Logistics president, said the construction of two onshore tanks as part of the project’s second phase has started and will be integrated as part of the main terminal in 2024. -Jed Macapagal
