Singapore's AG&P to invest $1.5 bn in various projects across South India

AG&P has city gas distribution license for Kanchipuram and Ramanathapuram districts of Tamil Nadu

Singapore-based Atlantic Gulf and Pacific (AG&P), one of the global leaders in running LNG (liquefied natural gas) and gas logistics and distribution solutions, will invest around $1.5 billion in south India on various projects.

On Thursday, Puducherry chief minister V Narayanaswamy performed the ground-breaking ceremony for the LNG import facility at Karaikal port. The facility is expected to commence commercial operations by the fourth quarter of 2021.

Speaking at the ceremony J M Sigelman, CEO of AG&P said, the $1.5 billion investment will be made over a decade towards the LNG terminal and city gas distribution network.

LNG will be