Adani Ports Share Price in Focus; Secures 10-Year Marine Services Contract for Argentina's 1st LNG Export to India

Adani Ports and Special Economic Zone Ltd (APSEZ) has announced that it has secured a 10-year marine services contract for Argentina's first LNG export project. 

The contract marks APSEZ's entry into South America and represents a significant expansion of its global marine services business.  

The project is expected to strengthen energy trade linkages between India and Argentina. 

APSEZ Secures 10-Year Marine Services Contract 

The contract has been awarded to APSEZ's step-down subsidiary, The Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group following a global competitive tender process conducted by Southern Energy S.A. (SESA). 

According to the company, the award strengthens APSEZ's presence across international energy logistics value chains and highlights its growing capabilities in specialized marine services. 

Consortium To Provide End-To-End Marine Services 

Under the agreement, the consortium will provide end-to-end marine services, including tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services. 

The scope of work will be supported by four high-specification tugboats, one anchor handling tug supply vessel, and one crew boat. The project is backed by an estimated investment commitment of $70 million. 

Project Supports Emerging LNG Export Corridor 

The Southern Energy FLNG project is being developed by Southern Energy S.A. (SESA), a joint venture between Golar LNG and Pan American Energy. 

Located in Argentina's Río Negro Province, the project is expected to begin commercial operations in September 2027.  

In its first phase, the project is expected to produce 2.45 million tonnes of LNG annually, equivalent to approximately 28 cargoes per year, making it Argentina's first operational LNG export project. 

The company stated that Argentina is emerging as a major LNG supplier, with agreements in place to support exports of up to 10 million tonnes annually to India from 2027. 

Read More: Institutional Buying Fuels ₹15,000 Crore Block Deals in Adani Group Stocks! 

Adani Ports Share Price Performance 

As of 08 June 2026, at 1:38 PM, Adani Ports share price is trading at ₹1,822.10 per share, reflecting a decline of 0.12% from the previous closing price. 

Conclusion 

The 10-year marine services contract for Argentina's first LNG export project marks a significant milestone for Adani Ports as it expands its international presence into South America. The project is expected to strengthen the company's marine services portfolio while supporting the development of a new LNG trade corridor between Argentina and India. 

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