ATLANTIC, Gulf & Pacific International Holdings (AG&P) on Monday said it has successfully completed the conversion of the 137,512-cubic-meter (m3) LNG carrier called ISH into a floating storage unit (FSU), 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 tons per annum (MTPA). The hybrid PHLNG terminal is designed to provide its customers with resiliency of supply and high availability, even during storms.