Infrastructure mainstay Atlantic, Gulf and Pacific International Holdings, a downstream liquefied natural gas platform, has successfully converted a 137,512 cubic meter LNG carrier called ISH into a floating storage unit.

In a press statement, AG&P said its subsidiary GAS Entec completed the conversion to an FSU in record time. The ISH is a central component of the first Philippines LNG Import Terminal.

The company said the FSU, which is ready to be docked at AG&P's PHLNG facility in Batangas, is part of the combined offshore-onshore import terminal that will have an initial capacity of 5 million tons per annum.

The hybrid PHLNG terminal is designed to provide its customers with the resiliency of supply and high availability, even during storms.

Import terminal

"The PHLNG import terminal will store LNG and dispatch natural gas to power plants, industrial and commercial customers, and other consumers. From day one, PHLNG will have a scalable onshore regasification capacity of 420mmscfd and almost 200,000cbm of storage," AG&P Terminals and Logistics president Karthik Sathyamoorthy said.

"The construction of two onshore tanks as part of PHLNG's second phase has already started, and will be integrated as part of the main terminal in 2024, ensuring high availability and reliability of natural gas for our customers."