Page 13 - AsianOil Week 01 2023

AsianOil PROJECTS & COMPANIES AsianOil

ADNOC L&S and AG&P agree

third FSU charter

UAE ADNOC Logistics and Services (ADNOC L&S) Entec.
and Atlantic Gulf and Pacific International Hold- Captain Abdulkareem Al Masabi, CEO
It has a capacity of ings (AG&P) this week announced the signing of ADNOC L&S, said: “This agreement with
138,000 cubic metres. of their third floating storage unit (FSU) charter AG&P builds on a phenomenal period of global
agreement. expansion for ADNOC L&S as we focus on
The terms of the deal will see AG&P utilise growth, diversification and unlocking new rev-
one of ADNOC L&S’s older Japanese moss-type enue streams.”
containment vessels – the Ghasha – as floating ADNOC L&S is working to overhaul its LNG
LNG (FLNG) storage for a new LNG import fleet, with Al Masabi noting that repurposing
facility in India, scheduled for commissioning in older vessels to extend their life generates “incre-
the second half of 2024. The deal builds on two mental value and new revenue streams” for the
previous agreements for FSUs in India and the company.
Philippines respectively. Meanwhile, AG&P CEO Joseph Sigelman
The Emirati firm is a midstream affiliate said that “AG&P is thrilled to work closely with
of state-owned Abu Dhabi National Oil Co. ADNOC L&S to continue to bring energy to
(ADNOC). important markets. We are also proud of AG&P’s
The Ghasha vessel has a capacity of around GAS Entec business, which has become a world
138,000 cubic metres, and is part of a diverse leader in LNG technology. The ADNOC L&S
300-strong fleet operated by ADNOC L&S. The FSU, plus the regasification unit, is a powerful
agreement will run for 11 years and includes the combination for bringing gas to new markets.”
option for a four-year extension. The integrated unit at which the FSU will be
Ghasha will be maintained by ADNOC L&S, moored alongside a regasification unit – manu-
while its conversion from LNG carrier to FSU factured by GAS Entec – and will have an initial
will be completed by AG&P subsidiary GAS capacity of 5mn tonnes per year (tpy). ™

NEWS IN BRIEF

MOL joins with JAPEX, Hokkaido with Japanese shipbuilder Naikai Zosen
Corporation to build the two ferries. The
Gas for LNG bunkering vessels are slated for delivery in 2025 and Wah Seong wins $127mn FPSO
will replace two vessels that MOL Ferry
Japanese shipping company Mitsui O.S.K. currently operates on the Oarai-Tomakomai topside module order
Lines (MOL) has formed a pact with Japan route.
Petroleum Exploration Co. (Japex) and MOL is currently building Japan's first Australian East Coast LNG exports in
Hokkaido Gas Co. for the supply of LNG two LNG-fueled ferries, Sunflower Kurenai December came to 1.85mn tonnes, down
fuel to two new building LNG-fuelled and Sunflower Murasaki, with the former 8% year on year, Gladstone Port Corp
ferries. expected to enter service this month. reported on January 6. Deliveries were
MOL has signed separate agreements down more than 4% month on month.
with Japex and Hokkaido Gas for the supply Supplies to China came to 991,261
of LNG to the two ferries in each port on Thailand’s PTT launches LNG tonnes, down from 1.32mn tonnes last year.
the Oarai-Tomakomai route operated by South Korean deliveries came to 222,055
MOL Group company MOL Ferry. tender tonnes, down from 285,975 tonnes a year
The LNG fuel supply is scheduled to start ago. Japanese sales came to 327,356 tonnes,
in 2025 when the ferries will enter service. Thailand’s PTT has launched a tender to buy up from 119,509 tonnes last year. Malaysia
Japex will supply LNG to the ferries at the LNG between January and April, sources imported 307,202 tonnes, versus 186,459
Port of Oarai in Ibaraki Prefecture, and told Reuters on January 5. tonnes.
Hokkaido Gas will supply it at the Port of The deliveries are sought for January The East Coast projects, Australia Pacific
Tomakomai in Hokkaido through the truck- 16-23 and 27-31, February 3-5, 16-17, 18-19 LNG, Gladstone LNG, and Queensland
to-ship method. and 21-22, March 1-2, 14-15 and 20-21 and Curtis LNG, delivered 22.64mn tonnes in
The LNG supply system uses a skid that April 1-2, 15-16 and 20-21. Bids will be total last year, down from a record 23.47mn
connects the vessel to four tanker trucks received until January 6. tonnes in 2021.
simultaneously, MOL said. This speeds up PTT launched an earlier tender in The three LNG exporters in late
the bunkering process, allowing the ferries November for LNG on a delivered ex-ship September signed a heads of agreement
to take on sufficient fuel even during their basis, with cargo delivery windows between with the Australian government to increase
limited time in berth. December and January to the country’s Map the gas supply to the domestic market.
MOL had in February 2022 signed a deal Ta Phut terminal.

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