- APSEZ makes a strategic debut in South America by securing marine services for Argentina’s first-ever LNG export project, reinforcing its emergence as a global maritime logistics powerhouse.
- The Adani Harbour International–Meridian consortium will deploy specialised marine assets under a decade-long contract backed by an estimated investment commitment of $70 million.
- Project positions APSEZ at the heart of a new India–Argentina LNG trade corridor, supporting long-term energy security and resilient global supply chains.
- With operations spanning 12 countries, APSEZ continues to expand its international footprint by delivering integrated marine solutions for next-generation energy infrastructure.
NE BUSINESS BUREAU
AHMEDABAD, JUNE 8
In a landmark expansion of its global maritime business, Adani Ports and Special Economic Zone Ltd. (APSEZ) has secured a 10-year marine services contract for Argentina’s first liquefied natural gas (LNG) export project, marking the company’s entry into South America and strengthening its position in the international energy logistics ecosystem.
The contract has been awarded to APSEZ’s step-down subsidiary, The Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group, following a globally competitive tender process conducted by Southern Energy S.A. (SESA). The achievement underscores APSEZ’s growing expertise in specialised marine services and its expanding role across global energy value chains.
Under the agreement, the consortium will provide a comprehensive suite of marine services, including tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services. The operations will be supported by a fleet comprising four high-specification tugboats, one anchor handling tug supply vessel and one crew boat, ensuring seamless support for LNG export activities.
Mr. Ashwani Gupta, Whole-time Director and Chief Executive Officer (CEO), APSEZ, said:
“This project reflects our growing capability to support large-scale energy infrastructure projects across geographies. With marine operations in 12 countries and a growing fleet of marine assets supporting ports, LNG terminals, national oil companies, refineries and offshore facilities, we bring deep operational expertise to complex maritime environments. By combining these capabilities with strong local partnerships, we are helping create reliable maritime ecosystems that enable new energy trade corridors and strengthen long-term supply resilience.”
The contract represents a strategic milestone as Argentina rapidly emerges as a major LNG exporting nation, with agreements already in place to support exports of up to 10 million tonnes annually to India from 2027. The development is expected to deepen bilateral energy cooperation while diversifying India’s long-term LNG sourcing strategy.
The Southern Energy Floating Liquefied Natural Gas (FLNG) project, being developed by SESA, a joint venture between Golar LNG and Pan American Energy (PAE), is located in the San Matías Gulf in Río Negro Province. The project will liquefy natural gas transported through the General San Martin pipeline aboard the FLNG vessel Hilli Episeyo, with commercial operations targeted to commence in September 2027.
During its first phase, the project is expected to produce 2.45 million tonnes of LNG annually, equivalent to nearly 28 LNG cargoes each year, making it Argentina’s first operational LNG export facility and a significant addition to the global energy market.
The marine services contract will be executed through Meridian Transportes Marítimos S.A., the 51:49 joint venture between Adani Harbour International FZCO and Meridian Group, symbolising a strategic alliance that combines APSEZ’s international maritime expertise with strong local execution capabilities.
The win further cements APSEZ’s transformation from a port operator into a globally integrated transport and logistics enterprise, capable of supporting complex offshore energy infrastructure projects and facilitating emerging international energy corridors.
