New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday said it has bagged a 10-year marine services contract for Argentina's maiden Liquefied Natural Gas (LNG) export project, a deal that marks its entry into South America and widens its international marine services footprint.
The contract was awarded to APSEZ's step-down subsidiary, Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group, after a global competitive tender run by Southern Energy SA (SESA), the company said in a statement. APSEZ said the win deepens its presence across international energy logistics value chains and reflects its growing strength in specialised marine services.
Under the agreement, the consortium will provide end-to-end marine services, spanning tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services. The work will be backed by four high-specification tugboats, one anchor handling tug supply vessel and one crew boat.
The contract will be carried out through Meridian Transportes Marítimos SA, a 51:49 joint venture between Adani Harbour International FZCO and Meridian Group, the company added.
"With marine operations in 12 countries and a growing fleet of marine assets supporting ports, LNG terminals, national oil companies, refineries and offshore facilities, we bring deep operational expertise to complex maritime environments," said Ashwani Gupta, whole-time Director and Chief Executive Officer (CEO), APSEZ.
"By combining these capabilities with strong local partnerships, we are helping create reliable maritime ecosystems that enable new energy trade corridors and strengthen long-term supply resilience," he added.
The Southern Energy FLNG project is being developed by SESA, a joint venture between Golar LNG and Pan American Energy (PAE). Located in the San Matías Gulf in Argentina's Río Negro Province, the project will liquefy natural gas piped in from the General San Martín pipeline aboard the Floating Liquefied Natural Gas (FLNG) vessel Hilli Episeyo, with commercial operations slated to begin in September 2027.
In its first phase, the project is expected to produce 2.45 MT of LNG a year — equivalent to about 28 cargoes annually — making it Argentina's first operational LNG export project, according to APSEZ.
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APSEZ said Argentina is emerging as a major new LNG supplier, with agreements already in place to support exports of up to 10 million tonnes (MT) a year to India from 2027. The Southern Energy FLNG project is expected to play an important role in linking this growing supply base with global demand centres.