Following its arrival, the Ish LNG carrier will be converted into an FSU over a five-month process.
The 11-year charter agreement for supply, operations and maintenance of the FSU was signed in 2022 with ADNOC Logistics & Services and includes the possibility of a four-year extension.
The Philippines LNG (PHLNG) project located in Batangas Bay is overseen by Singapore-headquartered Atlantic, Gulf & Pacific Company.
“With the Ish docking at PHLNG for the next decade or longer, AG&P is proudly set to open the first LNG terminal in the Philippines, one with both floating and, shortly, almost equal onshore tank storage, providing nearly 100% availability,” said Joseph Sigelman, chairman and CEO of Atlantic, Gulf & Pacific Company.
ADNOC Logistics & Services has a fleet of almost 245 owned vessels and around 600 operated and chartered vessels per year.
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