AG&P says LNG backlog continues to grow

Singapore’s LNG firm AG&P is entering the second quarter with a record backlog of contracted projects, mostly related to liquefied natural gas.

The backlog of contracted projects totals over $770 million covering various initiatives in the Philippines, India, the US, and elsewhere, the downstream player said on Wednesday.

In addition, the work includes five land or marine LNG terminals, a new bunkering vessel, and engineering for other maritime LNG applications, AG&P said.

Besides LNG, the firm will work on a petrochemical complex, modularized oil refinery, and an edible oil depot.

AG&P also expects to secure additional projects in the LNG and power sectors within this year.

“AG&P’s construction business is forecast to have its best year in its 121-year history, with contracted backlog already over $770 million spread over 3 years,” said Augusto Gan, AG&P chairman.

Recently, AG&P has secured approval to develop its import and regasification terminal in the Philippines, located in Batangas Bay on the main island of Luzon.

Philippines LNG will store and dispatch regasified liquefied natural gas to power plant, industrial and commercial customers but also other customers, according to AG&P, which shareholders include Osaka Gas and the Japan Bank for International Cooperation.

Moreover, the terminal will have the initial capacity to deliver up to 3 mtpa of regasified LNG, with additional capacity for liquid distribution.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

Nebula’s AG&P LNG, Indonesia’s PLN EPI form JV

Nebula Energy’s AG&P LNG has formed a 20-year joint venture with PT PLN Energi Primer Indonesia (PLN EPI) and partners to develop LNG infrastructure for the Sulawesi-Maluku power plant gasification project.

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

Nebula’s AG&P LNG to buy Australia’s Venice Energy

According to a joint statement, AG&P LNG will buy 100 percent of Venice Energy, with Florida-headquartered Nebula Energy, the...

AG&P, Gas Entec score Jordan LNG terminal gig

The consortium was selected by ADC from a competitive pool of companies following the completion of a tender. The project's...