en.Wedoany.com Reported - Adani Ports and Special Economic Zone (APSEZ) has successfully secured a 10-year maritime services contract for Argentina's first liquefied natural gas (LNG) export project, marking the company's official entry into the South American market. The contract involves an investment commitment of approximately $70 million. APSEZ, through its subsidiary Adani Harbour International FZCO, formed a consortium with Argentina's Meridian Group to win the bid..
Under the agreement, the consortium will provide comprehensive LNG maritime services for the Southern Energy FLNG project, including LNG carrier tug operations, offshore logistics and supply support, and crew transfer services. The project will deploy four high-specification tugs, one anchor handling tug supply vessel, and one crew boat for operations, which will be executed through Meridian Transportes Marítimos S.A., a company jointly established by Adani Harbour International FZCO and Meridian Group with a 51:49 shareholding ratio.
The Southern Energy FLNG project is located in San Matías Gulf, Río Negro Province, Argentina, and is jointly developed by Golar LNG and Pan American Energy. It will utilize the Hilli Episeyo floating LNG vessel for natural gas liquefaction. The project is expected to commence commercial operations in September 2027, with an initial annual production capacity of 2.45 million tonnes of LNG, equivalent to approximately 28 cargoes. Argentina has signed agreements to export up to 10 million tonnes of LNG annually to India starting from 2027.
Ashwani Gupta, CEO of APSEZ, stated that the project demonstrates the company's ability to support large-scale energy infrastructure projects across different regions. Leveraging its maritime operational experience in 12 countries and an expanding fleet, APSEZ combines advanced operational capabilities with local partnerships to help build a reliable marine ecosystem that supports new energy trade corridors.
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