Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Monday, October 24 2022 - 15:18
AG&P Successfully Completes Conversion of Floating Storage Unit (FSU) for the First LNG Import Terminal in the Philippines (PHLNG)
MANILA, Philippines, Oct. 24, 2022 /PRNewswire-AsiaNet/ --

PHLNG to Deliver Gas by March 2023

- Conversion of the Japan-built Moss-type LNG Carrier (LNGC) to FSU by AG&P 
subsidiary GAS Entec
- FSU a part of hybrid offshore/onshore PHLNG Import Terminal design, with 
initial capacity of 5 million tonnes per annum (MTPA)
- Supply, operations and maintenance of the FSU by ADNOC L&S

Atlantic, Gulf & Pacific International Holdings (AG&P), the downstream LNG 
platform which focuses on infrastructure and logistics to bring LNG to 
important markets, announced the successful conversion of the 137,512 cubic 
meter LNG carrier called ISH into a Floating Storage Unit (FSU).  The ISH is a 
central component of the first Philippines LNG Import Terminal (PHLNG).  Ready 
to be docked at AG&P's PHLNG facility in Batangas, the FSU is part of the 
combined offshore-onshore import terminal that will have an initial capacity of 
5 million tonnes per annum (MTPA).   The hybrid PHLNG terminal is designed to 
provide its customers with resiliency of supply and high availability, even 
during storms.

In February 2022, AG&P signed a 15-year long-term charter agreement with ADNOC 
Logistics and Services (ADNOC L&S) for the supply, operations and maintenance 
of its 137,512 cubic meter Floating Storage Unit (FSU) for the PHLNG import 
terminal. AG&P's subsidiary GAS Entec completed the conversion to an FSU in 
record time.  The FSU will be capable of loading LNG at a peak rate of 10,000 
cbm/hr and a discharge-to-shore peak rate of 8,000 cbm/hr made possible with 
the modifications done by Gas Entec in the Cargo Handling and Safety System 
that allows for simultaneous loading and discharge of LNG.

Mr. Joseph Sigelman, Chairman & CEO, AG&P Group said, "I am delighted to 
announce the successful completion of the FSU for our PHLNG Terminal that AG&P 
has executed in-house.  This represents yet another milestone for Gas Entec 
which continues to be a market leader in the conversion of LNG carriers into 
floating terminals, extending their productive life and opening new markets. We 
look forward to opening the PHLNG LNG Regasification Terminal in early 2023, 
bringing LNG for the first time to the Philippines."

Mr. Karthik Sathyamoorthy, President of AG&P Terminals and Logistics, said: 
"The PHLNG import terminal will store LNG and dispatch natural gas to power 
plants, industrial and commercial customers and other consumers. From day one, 
PHLNG will have scalable onshore regasification capacity of 420mmscfd and 
almost 200,000cbm of storage.  The construction for two onshore tanks as part 
of PHLNG's second phase has already started and will be integrated as part into 
the main terminal in 2024, ensuring high availability and reliability of 
natural gas for our customers."

About AG&P

Atlantic Gulf & Pacific (AG&P) is building a global network for clean energy, 
country by country. We develop and run LNG and gas logistics and distribution 
solutions, providing the infrastructure to access natural gas safely and easily 
in new, growing and developed markets worldwide. We act as an owner and as a 
service provider covering the development, financing, engineering, procurement, 
project management and construction for onshore and offshore gas 
infrastructure, linking suppliers to downstream customers. 


Image Attachments Links:


   Caption: LNGC ISH


   Caption: LNGC ISH