Adani Ports and Special Economic Zone Wins 10-Year Marine Services Contract for Argentina LNG Export Project

MT Newswires Live
Jun 08

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has secured a 10-year contract to provide marine services for Argentina's first liquefied natural gas (LNG) export project, according to a Monday filing on Indian bourses.

The contract has been awarded to Adani Ports' step-down subsidiary Adani Harbour International FZCO as part of a consortium with Argentina-based Meridian Group after a global tender by Southern Energy, the filing said.

Under the agreement, the consortium will provide marine services including tugboat operations for LNG carriers, related offshore support and crew transfer services using four tugboats, one anchor handling tug supply vessel and a crew boat, the filing added.

The project is expected to start commercial operations in September 2027 and produce about 2.45 million tons of LNG annually in the first phase, according to the filing.

Shares of Adani Ports and Special Economic Zone fell nearly 1% in recent trade.

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