MANILA -Singapore-based AG&P International Pte. Ltd. has turn out to be the primary entity to deliver liquefied pure fuel (LNG) to the Philippines following the arrival of its floating storage vessel in Batangas.
In a press release on Thursday, the LNG terminal and downstream infrastructure firm introduced the arrival and berthing of its long-term chartered ISH Floating Storage Unit (FSU) at its import terminal on Batangas Bay.
LNG coming from this vessel can be used to initially energy the 1,200-megawatt gas-fired energy plant of listed conglomerate San Miguel Corp., which serves the vitality necessities of Luzon, the nation’s largest island and most populous area.
The FSU was leased from ADNOC Logistics & Services (ADNOC L&S), the maritime logistics arm of state oil agency Abu Dhabi National Oil Co.
AG&P subsidiary GAS Entec took care of changing the Japan-built Moss-type LNG Carrier ISH to the 137,500 cubic-meter FSU in 5 months.
ADNOC L&S will deal with the availability, operations and upkeep of the FSU as a part of its 15-year chartered settlement with AG&P.
“With the docking of the ISH … 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-percent availability,” AG&P chair and CEO Joseph Sigelman stated.
AG&P earlier stated the FSU was a central part of its P14.6-billion LNG import terminal within the province. It is a part of a mixed offshore-onshore import hub with an preliminary capability of 5 million tons each year. INQ
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