Adani Ports bags 10-year contract for Argentina’s first LNG export project

Adani Ports and Special Economic Zone (APSEZ) announced on Monday that it has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project, a deal involving an estimated investment commitment of $70 million and marking the company's entry into South America.

The contract, secured through APSEZ's subsidiary Adani Harbour International in partnership with Argentina's Meridian Group, follows an international bidding process conducted by Southern Energy S.A. (SESA), the developer of the LNG project.

Commercial operations are expected to begin in September 2027.


In the first phase, the facility is expected to produce about 2.45 million tonnes of LNG annually, equivalent to roughly 28 cargo shipments a year.

The deal places the Adani Group at the heart of a project that could reshape Argentina's position in global energy markets. The country is increasingly being viewed as a future LNG supplier, with plans to export gas to countries including India from 2027.

Commenting on the development, APSEZ chief executive Ashwani Gupta said the Argentina project reflects the company's growing ability to execute large energy-linked maritime projects in different parts of the world.

"With marine operations in 12 countries and a growing fleet of marine assets supporting ports, LNG terminals, national oil companies, refineries and offshore facilities, we bring deep operational expertise to complex maritime environments. By combining these capabilities with strong local partnerships, we are helping create reliable maritime ecosystems that enable new energy trade corridors and strengthen longterm supply resilience," he said.

Shares of Adani Ports and Special Economic Zone (APSEZ) were trading at Rs 1,819.50 on the BSE, down Rs 3.60, or 0.20%, from the previous close on Monday at approximately 9.54am.