Atlantic Gulf & Pacific International Holdings (AG&P) said on Thursday it has signed a third charter agreement with ADNOC Logistics & Services (ADNOC L&S) to utilize the latter’s carrier called Ghasha as a floating storage unit (FSU). Know more:
Atlantic Gulf & Pacific International Holdings said on Thursday it has signed a third charter agreement with ADNOC Logistics & Services to utilize the latter’s carrier called Ghasha as a floating storage unit .
The agreement, valid for 11 years with the option of a four-year extension, strengthens the existing relationship between the two companies, which have previously entered two similar agreements for FSUs in India and the Philippines. The operations and maintenance of the FSU will be undertaken by ADNOC L&S, while the conversion of the LNG Carrier to an FSU will be completed by GAS Entec, an AG&P subsidiary.
Built in Japan, Ghasha a moss-type containment vessel with a capacity of around 138,000 cubic meters. It is part of ADNOC L&S’ diverse operational fleet of more than 300 vessels.
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