AG&P signs contract to hire floating LNG terminal

LNG logistics company Atlantic Gulf & Pacific (AG&P) on Monday said it will hire a floating LNG terminal from Abu Dhabi’s ADNOC Logistics and Services to set up India’s first floating LNG import facility at Karaikal Port in Puducherry.

The two firms “signed an agreement for the conversion, supply, operations and maintenance of a floating storage unit (FSU) at AG&P’s new LNG import facility located within Karaikal Port in Puducherry, India,” the company said in a statement.