Bid & Tender


ADNOC Logistics, AG&P Sign Charter Deal for India Import Terminal

The maritime logistics arm of state oil firm Abu Dhabi National Oil Company (ADNOC) and Singapore-based Atlantic, Gulf and Pacific (AG&P) have signed a charter agreement to use a liquefied natural gas (LNG) carrier as a floating storage unit in India.


The agreement is valid for 11 years with the option of a four-year extension, and is the third agreement signed between the two companies for a floating storage unit lease in India and the Philippines.


The statement added that an AG&P subsidiary called GAS Entec would convert the LNG carrier to a floating storage unit, while its operations and maintenance will be undertaken by ADNOC L&S.


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