Deals8 Jun 2026, 09:35 am
APSEZ Secures 10-Year Marine Services Contract in Argentina
AI Summary
Adani Ports and Special Economic Zone Ltd. (APSEZ) has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project. This marks APSEZ's entry into South America and expands its global marine services portfolio. The contract, awarded to APSEZ's subsidiary Adani Harbour International FZCO through a consortium with Meridian Group, involves providing end-to-end marine services including tugboat operations for LNG carriers. The project, Southern Energy FLNG, is expected to produce 2.45 MT of LNG annually starting September 2027, strengthening energy linkages between India and Argentina.
Key Highlights
- APSEZ enters South American market with a 10-year marine services contract.
- Contract awarded for Argentina's first LNG export project, Southern Energy FLNG.
- Consortium includes APSEZ subsidiary and Meridian Group.
- Project strengthens India-Argentina energy trade linkages.
- Estimated investment commitment of $70 million for the project.
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