Amid rising LPG prices and supply disruptions via the Strait of Hormuz, India received critical energy news.
Gautam Adani’s company, Adani Ports and Special Economic Zone (APSEZ), won a ten-year marine service contract.
This marks APSEZ’s first international marine operation in South America, handling Argentina’s first LNG export project.
Scope of the Project
APSEZ’s subsidiary, Adani Harbor International FZCO, secured the contract through a global tender with Argentina’s Meridian Group.
The project developer, Southern Energy S.A. (SESA), awarded the contract after rigorous competitive selection.
The consortium will provide end-to-end marine services for LNG carriers, ensuring safe transport between port and project site.
Services include tugboat operations, offshore logistics, supply support, and crew transfer, requiring four specialized tugboats, an anchor-handling vessel, and crew boats.
Financial and Strategic Importance
The estimated investment in the project stands at approximately $70 million.
Work is expected to commence in September 2027, securing large-scale LNG shipments from Argentina’s coast.
This contract earns Adani Ports roughly $7 million annually, establishing a consistent revenue stream.
The project significantly strengthens India’s energy security by reducing dependence on Gulf imports, especially for future LNG imports.
Expansion into South America
After Israel and Sri Lanka, this marks Adani Group’s first entry into South America.
The contract aligns with Adani’s 2030 vision to become the world’s largest operator in global marine logistics.
With LNG handled efficiently, India will improve energy supply diversification and ensure reliable fuel access for domestic markets.
