ADNOC Logistics & Services (ADNOC L&S), one of the region’s largest shipping and integrated logistics companies, said in a statement that Ish, which is LNG carrier, has docked successfully at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, as it continues expanding its operations globally.

Following her arrival, Ish will be commissioned as a Floating Storage Unit (FSU) at PHLNG, the first LNG import terminal in the Philippines. AG&P subsidiary, GasEntec, converted the vessel, which has a capacity of 137,500 cubic meters, to an FSU in five months. The supply, operations and maintenance of the FSU will be undertaken by ADNOC L&S.

Ish, the vessel, will be commissioned as a Floating Shortage unit (FSU) after its arrival at PHLNG. AG&P subsidiary, GasEntec, converted the vessel, which has a capacity of 137,500 cubic meters, to an FSU in five months. The supply, operations and maintenance of the FSU will be undertaken by ADNOC L&S.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “Successful partnerships create new value collaboratively, and the repurposing of vessels provides a blueprint for sustainable value creation. For ADNOC L&S, this translates to extending the operational life of our vessel and unlocking new revenue streams and opportunities for growth. For AG&P, this means availing a flexible storage solution for their new LNG terminal, which will catalyze wider economic and social prosperity.”

Joseph Sigelman, Chairman and CEO of AG&P said: “AG&P prizes its growing partnership with ADNOC L&S. With the Ish docking at PHLNG for the next decade or longer, AG&P is proudly set to open the first LNG terminal in the Philippines, one with both floating and, shortly, almost equal onshore tank storage, providing near 100% availability. As the first cargo of fuel originated in Abu Dhabi and with the long-term presence of the Ish, ADNOC L&S is playing a pivotal role alongside AG&P and San Miguel, our anchor customer, in bringing clean energy to the Philippines. We are proud to see the relationship between the UAE and Philippines grow in this way, with PHLNG as a prime case study.”