AG&P Successfully Completes Conversion of Floating Storage Unit (FSU) for the First LNG Import Terminal in the Philippines (PHLNG)

PHLNG to Deliver Gas by March 2023

  • Conversion of the Japan-built Moss-type LNG Carrier (LNGC) to FSU by AG&P subsidiary GAS Entec
  • FSU a part of hybrid offshore/onshore PHLNG Import Terminal design, with initial capacity of 5 million tonnes per annum (MTPA)
  • Supply, operations and maintenance of the FSU by ADNOC L&S

MANILA, Philippines, Oct. 24, 2022 /PRNewswire/ — Atlantic, Gulf & Pacific International Holdings (AG&P), the downstream LNG platform which focuses on infrastructure and logistics to bring LNG to important markets, announced the successful conversion of the 137,512 cubic meter LNG carrier called ISH into a Floating Storage Unit (FSU).  The ISH is a central component of the first Philippines LNG Import Terminal (PHLNG).  Ready to be docked at AG&P’s PHLNG facility in Batangas, the FSU is part of the combined offshore-onshore import terminal that will have an initial capacity of 5 million tonnes per annum (MTPA).   The hybrid PHLNG terminal is designed to provide its customers with resiliency of supply and high availability, even during storms.

LNGC ISH

In February 2022, AG&P signed a 15-year long-term charter agreement with ADNOC Logistics and Services (ADNOC L&S) for the supply, operations and maintenance of its 137,512 cubic meter Floating Storage Unit (FSU) for the PHLNG import terminal. AG&P’s subsidiary GAS Entec completed the conversion to an FSU in record time.  The FSU will be capable of loading LNG at a peak rate of 10,000 cbm/hr and a discharge-to-shore peak rate of 8,000 cbm/hr made possible with the modifications done by Gas Entec in the Cargo Handling and Safety System that allows for simultaneous loading and discharge of LNG.

Mr. Joseph Sigelman, Chairman & CEO, AG&P Group said, “I am delighted to announce the successful completion of the FSU for our PHLNG Terminal that AG&P has executed in-house.  This represents yet another milestone for Gas Entec which continues to be a market leader in the conversion of LNG carriers into floating terminals, extending their productive life and opening new markets. We look forward to opening the PHLNG LNG Regasification Terminal in early 2023, bringing LNG for the first time to the Philippines.”LNGC ISH

Mr. Karthik Sathyamoorthy, President of AG&P Terminals and Logistics, said: “The PHLNG import terminal will store LNG and dispatch natural gas to power plants, industrial and commercial customers and other consumers. From day one, PHLNG will have scalable onshore regasification capacity of 420mmscfd and almost 200,000cbm of storage.  The construction for two onshore tanks as part of PHLNG’s second phase has already started and will be integrated as part into the main terminal in 2024, ensuring high availability and reliability of natural gas for our customers.”

About AG&P

Atlantic Gulf & Pacific (AG&P) is building a global network for clean energy, country by country. We develop and run LNG and gas logistics and distribution solutions, providing the infrastructure to access natural gas safely and easily in new, growing and developed markets worldwide. We act as an owner and as a service provider covering the development, financing, engineering, procurement, project management and construction for onshore and offshore gas infrastructure, linking suppliers to downstream customers.

www.agpglobal.com

Photo – https://mma.prnewswire.com/media/1927411/LNGC_ISH.jpg
Photo – https://mma.prnewswire.com/media/1927412/LNGC_ISH_1.jpg

CGTN: CPC national congress: China’s modernization injects confidence into world’s prosperity

BEIJING, Oct. 23, 2022 /PRNewswire/ — Under the guidance of the 20th National Congress of the Communist Party of China (CPC), China will build on its achievements and keep up the momentum towards its Second Centenary Goal of building a “great modern socialist country” that is “prosperous, strong, democratic, culturally advanced, harmonious and beautiful.”

The CPC vowed to lead the Chinese people in achieving the goal and advancing the course of the great rejuvenation of the nation, as the week-long congress concluded on Saturday in Beijing.

China’s modernization under CPC leadership

The central task of the CPC is leading the Chinese people to realize the Second Centenary Goal through “a Chinese path to modernization,” according to the report delivered at the opening session of the congress.

Chinese modernization is the socialist modernization pursued under the leadership of the CPC, said the report.

At the closing session presided over by Xi Jinping, the 20th CPC Central Committee and the 20th CPC Central Commission for Discipline Inspection (CCDI) were elected.

A resolution endorsing the report of the 19th CPC Central Committee and a resolution on the work report of the 19th CPC CCDI were also adopted.

The 20th CPC National Congress also passed a resolution on an amendment to the CPC Constitution.

It was stressed at the closing session that the CPC has a pivotal role in building China into a modern socialist country in all respects and advancing the rejuvenation of the Chinese nation on all fronts.

The congress agreed to add to the Party Constitution statements on the Party being the highest force for political leadership and on upholding and strengthening the overall leadership of the Party.

China’s modernization carries global significance

China’s visions and experience on state governance summed up at the congress could offer inspirations for other parts of the world.

When illustrating the features of China’s modernization, Xi noted in his report to the congress that the country’s modernization benefits a large population. It features common prosperity, coordinated material and cultural-ethical progress, harmony between humanity and nature, and peaceful development.

Chinese modernization is the modernization of a huge population, of common prosperity for all, of material and cultural-ethical advancement, of harmony between humanity and nature and of peaceful development, he stressed, adding that it offers humanity “a new choice” for achieving modernization.

In its two-step strategic plan, the CPC aims to basically realize socialist modernization from 2020 through 2035 and build China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful from 2035 through the middle of this century.

According to the adopted resolution on the report of the 19th CPC Central Committee, China has always been committed to its foreign policy goals of upholding world peace and promoting common development, and it is dedicated to promoting a community with a shared future for mankind.

China adheres to the Five Principles of Peaceful Coexistence in pursuing friendship and cooperation with other countries, said the resolution.

“It is committed to its fundamental national policy of opening to the outside world and pursues a mutually beneficial strategy of opening-up.”

https://news.cgtn.com/news/2022-10-22/China-s-modernization-injects-confidence-into-world-s-prosperity-1ele08KavF6/index.html

Global Times: CPC concludes key congress with ‘confidence to create new, greater miracles’ on new journey; Party Constitution amendment ‘a milestone with historic significance’

BEIJING, Oct. 23, 2022 /PRNewswire/ — The week-long 20th National Congress of the Communist Party of China (CPC) successfully concluded on Saturday in Beijing, and it noted that the establishment of Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as a whole and the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era has set the rejuvenation of the Chinese nation on “an irreversible historical course.”

The establishment of both Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as a whole and the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era represents a major political achievement for the Party in the new era and a decisive factor in the historic successes and changes in the cause of the Party and the country, the Congress noted.

It required all Party members to acquire a deep understanding of the decisive significance of this major achievement, more conscientiously uphold Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as a whole and uphold the Central Committee’s authority and its centralized, unified leadership, fully implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and closely follow the Party Central Committee with Comrade Xi Jinping at the core in thinking, political stance, and action, the Congress stressed.

Chinese analysts stated that the resolutions passed at the Congress show that the Party is fully prepared for its new journey and has greater and more contemporary visions and thoughts on governance, development, key missions and the world order.

The CPC congress has realized its goals of unifying thinking, fortifying confidence, charting the course, and boosting morale, Xi told 2,338 delegates and specially invited delegates present at the closing session of the weeklong congress at the Great Hall of the People in Beijing on Saturday. “This has been a congress of holding our banner high, pooling our strength, and promoting solidarity and dedication.”

Milestone with historic significance

“We believe that all the decisions and plans set out at the congress and all its outcomes will play a significant role in guiding and underpinning our efforts to build a modern socialist country in all respects, advance national rejuvenation on all fronts, and secure new victories for socialism with Chinese characteristics,” Xi said at the closing session.

“The report of the 19th CPC Central Committee adopted at the Congress is the crystallization of the wisdom of the Party and the people. It is a political declaration and a program of action for the Party to bring together the Chinese people of all ethnic groups and lead them in securing new success for socialism with Chinese characteristics. It is a guiding Marxist document,” said the passed resolution on the report.

According to the passed resolution on the Party Constitution amendment, “The Congress unanimously agrees that the new developments in Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era since the Party’s 19th National Congress should be incorporated into the Party Constitution, so as to better reflect the major contributions made by the Central Committee with Comrade Xi Jinping at its core to advancing the Party’s theoretical, practical, and institutional innovations.”

The Congress noted that, at the ceremony marking the centenary of the Communist Party of China, Comrade Xi Jinping solemnly announced on behalf of the Party and the people that we have realized the First Centenary Goal of building a moderately prosperous society in all respects, and that we are now marching in confident strides toward the Second Centenary Goal of building China into a great modern socialist country in all respects. The Party Constitution is revised to reflect this, the resolution said.

Zhang Shuhua, director of the Institute of Political Sciences of the Chinese Academy of Social Sciences, told the Global Times on Saturday that the latest resolutions have comprehensively reflected and established all political, theoretical and ideological achievements that the CPC has actualized since the 18th CPC National Congress in the past decade.

Zhang Xixian, a professor at the Party School of the CPC Central Committee in Beijing, told the Global Times on Saturday that the resolution on the Party Constitution amendment is “a starting point for the CPC to set sail for the Second Centenary Goal and to strengthen Party building. It is a foundational milestone that involves the development requirements, patterns, direction and destiny of the Party in its journey toward the goal which is scheduled to be realized in the middle of this century.”

According to the passed resolution on the Party Constitution amendment, the Congress agreed to incorporate statements into the Party Constitution including “the Party’s original aspiration and founding mission and its major achievements and historical experience over the past century” and “Basic socialist economic systems, including the system under which public ownership is the mainstay and diverse forms of ownership develop together, the system under which distribution according to work is the mainstay while multiple forms of distribution exist alongside it, and the socialist market economy, are important pillars of socialism with Chinese characteristics.”

The Congress also agreed to add to the Party Constitution statements such as “carrying forward our fighting spirit and building up our fighting ability” and “gradually realizing the goal of common prosperity for all,” as well as “following the path of socialist rule of law with Chinese characteristics; developing a broader, fuller, and more robust whole-process people’s democracy.”

Analysts said these all reflect that the CPC is advancing with the times as all of these statements that will be added into the Party Constitution actually reflect the learnings, experiences and understandings that the Party has accumulated from the governance and overcoming challenges in the past 10 years, and also accurately mirror the key demands of the Chinese people, and the key missions that the Party seeks to accomplish in the future.

For instance, emphasizing “carrying forward our fighting spirit” in the resolution shows a clear attitude in regard to the challenges the Party has faced in the past five years, and will face in the future, said Yang Xuedong, a professor of political science at Tsinghua University.

“When facing a more complicated situation, we need to carry out more arduous fight as we aim to achieve ambitious goals such as the building of a modern socialist country in all respects and realization of national rejuvenation,” Yang told the Global Times on Saturday.

The Congress also agreed to include the statements into the Party Constitution like “enhancing political loyalty in the military, strengthening the military through reform, science and technology, and personnel training, and running the military in accordance with the law; elevating the people’s armed forces to world-class standards; fully, faithfully, and resolutely implementing the policy of One Country, Two Systems; resolutely opposing and deterring separatists seeking “Taiwan independence.”

“These revisions reaffirm the Party’s commitment to building a strong military with Chinese characteristics, making sustained and steady progress with the One Country, Two Systems policy, advancing national reunification, promoting the building of a human community with a shared future, and leading the tide of human progress,” said the resolution.

Global vision

The CPC not only has eyes on China’s development and destiny, but also has a greater vision to contribute its efforts to making a better world for the whole of humanity. According to the passed resolution, the Congress agreed to include in the Party Constitution statements on “holding dear humanity’s shared values of peace, development, fairness, justice, democracy, and freedom; and advancing the building of an open, inclusive, clean, and beautiful world that enjoys lasting peace, universal security, and common prosperity.”

These revisions reaffirm the Party’s commitment to building a strong military with Chinese characteristics, making sustained and steady progress with the One Country, Two Systems policy, advancing national reunification, promoting the building of a human community with a shared future, and leading the tide of human progress, said the resolution.

Wang Yiwei, director of the Institute of International Affairs at Renmin University of China, told the Global Times that this showed that the CPC is not only guided by its original aspiration and the mission to seek happiness for the Chinese people and rejuvenation of the Chinese nation, but also “having a greater idea to seek advancement for the human race and seek ‘Great Harmony’ (‘Datong’ in Chinese, an ideal society without war and inequality in the Chinese culture) for the world,” because with greater power comes greater responsibility.

China is entering or has already entered the center of the international arena, so the CPC needs to have a greater idea on a higher level to include rather than exclude various values shared by different countries around the world and to build a human community with a shared future together, said experts.