UAE's ADNOC Unit to Lease LNG Vessel to Singapore's Atlantic Gulf & Pacific

Abu Dhabi National Oil Company's logistics and services subsidiary unit signed on Monday an agreement to lease a liquefied natural gas (LNG) vessel to Singapore's Atlantic Gulf & Pacific company, the United Arab Emriates news agency WAM said.

The vessel, which will be deployed as a floating storage unit, will be leased over a period of 15 years from 2021 onwards, with the option of extending it for five years.