APSEZ Secures Marine Services Contract for LNG Export Project

Key Takeaways

• APSEZ wins 10‑year marine services deal for Argentina FLNG project.
• Joint venture with Meridian Group operates under Meridian Transportes Marítimos S.A.
• Contract includes four tugboats, one anchor‑handling vessel, and a crew boat.
• Project will produce 2.45 Mt LNG annually, starting September 2027.
• Positions APSEZ in emerging Argentina‑India LNG trade corridor.

Pulse Analysis

Adani Ports and Special Economic Zone (APSEZ) has clinched a ten‑year marine services contract for the Southern Energy floating‑LNG (FLNG) project off Argentina’s San Matías Gulf. The award, secured through its subsidiary Adani Harbour International FZCO in a 51:49 joint venture with local partner Meridian Group, covers tug‑boat operations, offshore logistics, supply support and crew transfers. Execution will be handled by the newly formed Meridian Transportes Marítimos S.A., deploying four high‑specification tugboats, an anchor‑handling tug supply vessel and a dedicated crew boat. The deal marks APSEZ’s first foothold on the South American continent.

The Southern Energy FLNG facility, a collaboration between Golar LNG and Pan American Energy, will liquefy gas from the General San Martin pipeline on the Hilli Episeyo vessel, targeting commercial start‑up in September 2027. With an initial output of 2.45 million tonnes of LNG per year—about 28 cargoes—the project becomes Argentina’s inaugural export‑ready LNG plant. The country is positioning itself as a new supplier to energy‑hungry markets, notably India, which has secured agreements for up to 10 million tonnes of Argentine LNG from 2027 onward.

For APSEZ, the contract expands its marine‑services portfolio to twelve countries and adds a strategic node in a nascent trade corridor linking Argentine gas reserves with Indian demand. By integrating local partnership models with its global operational expertise, APSEZ can offer end‑to‑end maritime solutions that enhance supply‑chain resilience for large‑scale energy projects. The move also signals broader industry trends, where port operators are diversifying into offshore logistics to capture value from the accelerating global LNG transition and emerging export hubs.