Atlantic, Gulf & Pacific International Holdings (AG&P) has converted the 137,512 cu m LNG carrier ISH into a Floating Storage Unit (FSU).
The ISH is a central component of the first Philippines LNG Import Terminal (PHLNG). Ready to be docked at AG&P’s PHLNG facility in Batangas, the FSU is part of the combined offshore-onshore import terminal that will have an initial capacity of 5Mtpa.
The PHLNG LNG Regasification Terminal aims to open in early 2023, bringing LNG for the first time to the Philippines.
The hybrid PHLNG terminal is designed to provide 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 the FSU.
AG&P’s subsidiary GAS Entec completed the conversion “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 from Gas Entec in the Cargo Handling and Safety System that allows for simultaneous loading and discharge of LNG.
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