AG&P announces arrival of FSU Ish at Batangas Bay
Singapore-based AG&P on April 27 announced the arrival and successful berthing of its long-term chartered 137,500 m3 Ish floating storage unit (FSU) at its Philippines LNG (PHLNG) import terminal in Batangas Bay.
Leased from ADNOC L&S, the Japan-built Moss-type LNG carrier Ish, converted to FSU by AG&P subsidiary, GAS Entec, brings to Philippines the country's maiden LNG cargo, the company said.
"With the docking of the Ish at PHLNG for the next decade or longer, AG&P is proudly set to open the first LNG terminal in the Philippines called PHLNG, one with both floating and, shortly, almost equal onshore tank storage, providing near 100% availability,” Joseph Sigelman CEO of AG&P commented.
AG&P had received the commissioning cargo for the PHLNG earlier this month. The LNG cargo was delivered on board the 162,000 m3 LNG carrier Golar Glacier and was supplied by Vitol.
The terminal will service the 2.5 GW power plants of San Miguel Global Power with additional demand of about 1.8mn mt/yr from upcoming power plants in Ilijan. In addition, AG&P plans to roll out and/or support a network of CNG stations to service transport demand as well as service demand from the industrial and domestic sectors with identified partners in the country, the company told NGW last month.
AG&P's fully-owned subsidiary, AG&P Industrial, specialising in project delivery, undertook the full spectrum of engineering, procurement, fabrication, construction, installation and commissioning of the PHLNG terminal and will be responsible for its operations and maintenance.