Abu Dhabi National Oil Co (ADNOC) is diversifying into floating LNG storage through a conversion deal in India.
The group's shipping arm ADNOC Logistics and Services (ADNOC L&S) will provide a floating storage unit (FSU) to downstream gas company Atlantic Gulf & Pacific (AG&P) for the port of Karaikal.
ADNOC will convert and operate the unit over a 15-year charter.
