AG&P to open LNG terminal in 2023
BY LENIE LECTURA – OCTOBER 25,
from Business Mirror
THE liquefied natural gas (LNG) terminal of Atlantic, Gulf & Pacific International Holdings (AG&P) will start to deliver gas by March next year, possibly the first among the LNG players to start commercial operation.
AG&P said Monday it has completed the conversion of the 137,512 cubic meter LNG carrier called ISH into a Floating Storage Unit (FSU), which is now ready to be docked at AG&P’s Philippines LNG Import Terminal (PHLNG) in Batangas. The ISH is a central component of the first PHLNG.
“I am delighted to announce the successful completion of the FSU for our PHLNG Terminal that AG&P has executed in-house. We look forward to opening the PHLNG LNG Regasification Terminal in early 2023, bringing LNG for the first time to the Philippines,” said Joseph Sigelman, Chairman & CEO, of AG&P Group.
Karthik Sathyamoorthy, President of AG&P Terminals and Logistics, said the construction for two onshore tanks as part of PHLNG’s second phase has already started, and will be integrated as part of the main terminal in 2024, ensuring high availability and reliability of natural gas for our customers.
In February 2022, 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 137,512 cubic meter FSU for the PHLNG import terminal. AG&P’s subsidiary GAS Entec completed the conversion to 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.
AG&P said the FSU is part of the combined offshore-onshore import terminal that will have an initial capacity of 5 million tons per annum (MTPA). The hybrid PHLNG terminal, meanwhile, is designed to provide its customers with the resiliency of supply and high availability, even during storms.
“The PHLNG import terminal will store LNG and dispatch natural gas to power plants, industrial and commercial customers, and other consumers. From day one, PHLNG will have a scalable onshore regasification capacity of 420mmscfd and almost 200,000cbm of storage,” said Sathyamoorthy.
Image credits: Contributed photo
