By Admin 
- Adani Ports wins ten-year contract to export LNG to Argentina.
- The company will expand maritime operations for the first time in South America.
- Adani will provide maritime services for safe movement of LNG ships.
- This will reduce India’s gas import dependence on Gulf countries.
Adani Ports and Special Economic Zone: A big news is coming for India amidst the rising prices of LPG in the country and the problems in supply through the Strait of Hormuz due to the war in Iran.
In fact, veteran businessman Gautam Adani’s company – Adani Ports and Special Economic Zone (APSEZ) has received a 10-year marine service contract for Argentina’s first Liquefied Natural Gas (LNG) export project. With this, the company has expanded its international marine operations in South America for the first time.
What work will the company do?
This contract has been awarded to APSEZ’s subsidiary company ‘Adani Harbor International FZCO’ to the consortium of Argentina’s ‘Meridian Group’ under the global tender process. This contract has been awarded after a global competitive tender floated by the project developer ‘Southern Energy SA (SESA). Under this agreement, the Adani-Meridian consortium will provide end-to-end marine services for the LNG carriers operating from the project site.
This includes tugboat operations, offshore logistics and supply support, and crew transfer services. Four high-specification tugboats, one anchor handling tug supply vessel and one crew boat will be used for this work.
According to the filing, the investment related to this contract is estimated to be approximately $70 million. Overall, in simple language, Adani Ports will be responsible for safely transporting large ships carrying gas to the Argentine coast. For this the company will deploy 4 special tugboats and crew boats. Work on this project is expected to start from September 2027.
Why is this contract important?
After Israel and Sri Lanka, Adani Group has entered the South American market for the first time. The company aims to become the world’s largest operator by 2030. Under this contract, Adani Ports will have a fixed income of $ 7 million every year. This news is important for India because it can lead to export of gas from Argentina to India in future. This will reduce India’s dependence on imports from Gulf countries for gas.
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