Ahmedabad, India | June 8, 2026 — Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, has secured a 10-year marine services contract for Argentina’s first liquefied natural gas (LNG) export project, marking a major expansion of the company’s global operations and its first significant entry into the South American market.
The contract was awarded by Southern Energy S.A. (SESA) following a global competitive bidding process and will be executed by Adani Harbour International FZCO, a step-down subsidiary of APSEZ, in partnership with Argentina-based Meridian Group. The project is expected to involve an estimated $70 million investment commitment.
Major Milestone in APSEZ’s Global Expansion Strategy
The agreement represents a significant step in APSEZ’s efforts to strengthen its international presence in the maritime and energy logistics sectors. The company currently provides marine services across 12 countries and has developed extensive expertise in supporting ports, LNG terminals, offshore facilities, national oil companies, and refineries worldwide.
Under the contract, the Adani-Meridian consortium will deliver a comprehensive range of marine services for the LNG export facility, including:
- Tugboat operations for LNG carriers
- Offshore logistics support
- Marine supply services
- Crew transfer operations
The project will be supported by a specialized fleet consisting of:
- Four high-specification tugboats
- One Anchor Handling Tug Supply (AHTS) vessel
- One Crew Transfer Vessel (CTV)
These assets will play a critical role in ensuring safe and efficient operations at the LNG export terminal.
Strengthening India-Argentina Energy Cooperation
The deal comes as Argentina positions itself as a growing player in the global LNG market. The country has already signed agreements that could support exports of up to 10 million metric tons of LNG annually to India beginning in 2027.
Industry analysts view the project as a strategic development that could strengthen the emerging India-Argentina energy corridor, providing India with additional sources of natural gas while helping Argentina monetize its vast gas reserves.
The project is also expected to contribute to global energy supply diversification at a time when countries are seeking reliable alternatives for long-term energy security.
APSEZ CEO Highlights Global Maritime Expertise
Commenting on the contract, Ashwani Gupta, Whole-time Director and Chief Executive Officer of APSEZ, said the project demonstrates the company’s capability to support large-scale energy infrastructure developments across international markets.
Gupta emphasized that APSEZ’s experience in handling complex maritime operations, combined with strong local partnerships, enables the company to build reliable maritime ecosystems that facilitate emerging energy trade routes and improve supply-chain resilience.
Inside Argentina’s First LNG Export Facility
The Southern Energy Floating Liquefied Natural Gas (FLNG) Project is being developed by Southern Energy S.A., a joint venture between Golar LNG and Pan American Energy (PAE).
The facility will be located in the San Matías Gulf in Argentina’s Río Negro Province and will utilize the FLNG vessel Hilli Episeyo to liquefy natural gas delivered through the General San Martín Pipeline.
Commercial operations are expected to begin in September 2027.
During its initial phase, the facility is projected to produce approximately 2.45 million metric tons of LNG per year, equivalent to roughly 28 LNG cargo shipments annually. The project will become Argentina’s first operational LNG export terminal and is expected to serve as a key gateway for the country’s natural gas exports.
What the Contract Means for APSEZ
The long-term agreement aligns with APSEZ’s broader strategy of expanding beyond traditional port operations into integrated logistics and specialized marine services.
Key benefits for the company include:
- Long-term revenue visibility through a 10-year contract
- Entry into the South American maritime market
- Expansion of its international marine services portfolio
- Greater participation in the global LNG value chain
- Enhanced positioning in emerging energy trade corridors
As LNG demand continues to grow worldwide, the contract strengthens APSEZ’s role in supporting critical energy infrastructure and international trade networks.
APSEZ’s Expanding Global Presence
APSEZ currently operates 15 ports and terminals across India and manages four international ports located in Australia, Sri Lanka, Israel, and Tanzania. The company has a cargo-handling capacity of approximately 653 million metric tons per annum and handles nearly 27% of India’s total port cargo volumes.
With an ambitious target of reaching 1 billion metric tons of cargo throughput by 2030, APSEZ continues to invest in ports, logistics, marine services, and global trade infrastructure.
The Argentina LNG contract further reinforces the company’s position as a growing global maritime and logistics player while expanding its footprint in the rapidly evolving international energy sector.
