AG&P converts LNG carrier into floating storage unit

Atlantic, Gulf & Pacific International Holdings (AG&P) has successfully converted the 137,512 cubic meter LNG carrier ISH into a floating storage unit (FSU).

The ISH, a central component of the first Philippines LNG Import Terminal (PHLNG), is ready to be docked at the AG&P terminal 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, 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 FSU for the PHLNG import terminal.

AG&P’s subsidiary GAS Entec completed the conversion into 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.

Joseph Sigelman, AG&P chairman & CEO, said the completion of the FSU 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,” Sigelman said.