APSEZ Wins 10-Year Argentina LNG Contract

Adani Ports and Special Economic Zone Ltd. (APSEZ) secured a 10-year marine services contract on 8 June 2026 for Argentina’s first liquefied natural gas (LNG) export project. The contract has an estimated investment commitment of USD 70 million and is APSEZ’s entry into the South American market.

Project and Contract Structure

The award was secured by Adani Harbour International FZCO, APSEZ’s subsidiary, through a consortium with Argentina’s Meridian Group. The contract followed a global competitive tender process conducted by Southern Energy S.A. (SESA), the developer of the LNG project. The contract will be executed through Meridian Transportes Maritimos S.A., a joint venture in which Adani Harbour International FZCO holds a 51% stake.

Marine Services and Fleet Details

The consortium will provide marine services for the Southern Energy FLNG project. These services include tugboat operations for LNG carriers, offshore logistics, supply support, and crew transfer services. The operations will use four high-specification tugboats, an anchor handling tug supply vessel, and a crew boat.

Argentina LNG Project Facts

The project is located in the San Matías Gulf in Argentina’s Río Negro Province. Commercial operations are expected to begin in September 2027. In its initial phase, the Southern Energy FLNG project is projected to produce 2.45 million tonnes of LNG annually, which is equivalent to about 28 cargo shipments per year.

Important Facts for Exams

• LNG stands for liquefied natural gas, which is natural gas cooled to a liquid state for easier storage and transport.
• FLNG stands for floating liquefied natural gas, a system used for offshore gas processing and export.
• Argentina’s first operational LNG export project is linked to the Southern Energy FLNG project.
• APSEZ is part of the Adani Group and operates ports and logistics infrastructure in India and overseas.

India-Argentina LNG Trade Context

Argentina is projected to supply up to 10 million tonnes of LNG annually to India by 2027. The contract adds a marine services component to Argentina’s LNG export infrastructure.