AG&P completes conversion of FSU for Philippines LNG terminal
Singapore-based Atlantic, Gulf & Pacific (AG&P) on October 23 announced successful conversion of the 137,512 m3 LNG carrier called ISH into a floating storage unit (FSU), which is a central component of the first Philippines LNG import terminal.
Ready to be docked at AG&P's LNG facility in Batangas, the FSU is part of the combined offshore-onshore import terminal that will have an initial capacity of 5mn metric tons/year. The hybrid LNG terminal is designed to provide its customers with resiliency of supply and high availability, even during storms.
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In February 2022, AG&P signed a 15-year long-term charter agreement with ADNOC Logistics and Services for the supply, operations and maintenance of its FSU.
The FSU will be capable of loading LNG at a peak rate of 10,000 m3/hr and a discharge-to-shore peak rate of 8,000 m3/hr. The company is expected to start the terminal in early 2023.
The terminal will have a scalable onshore regasification capacity of 420mn ft3/day and almost 200,000 m3 of storage. The construction for two onshore tanks as part of the second phase has already started and will be integrated as part of the main terminal in 2024, AG&P said.