Adnoc subsidiary to lease LNG vessel to Singaporean firm

Adnoc subsidiary to lease LNG vessel to Singaporean firm
Adnoc subsidiary to lease LNG vessel to Singaporean firm

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Hind Al Soulia - Riyadh - Abu Dhabi National Oil Company's logistics and services subsidiary signed an agreement with Singapore's Atlantic Gulf & Pacific company to lease one of its liquefied natural gas (LNG) vessels.

The carrier Al Khaznah will be deployed as a floating storage unit (FSU) at the Karaikal LNG import terminal, which is located 320 kilometres south of the southern Indian city of Chennai.

The FSU will be leased over a period of 15 years from 2021 onwards, with the option of extending it for five years.

More to follow.....

Updated: February 10, 2020 12:01 PM

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