Philippines-based AG&P to develop LNG terminal at Karaikal Port

AG&P (Atlantic, Gulf and Pacific Company), a Philippines-based company at the forefront of providing end-to-end LNG delivery solutions, has signed an exclusive agreement with Karaikal Port Pvt Ltd (KPPL), to develop an LNG import terminal at the port. The project cost would be around $70-80 million.

The project will include sourcing and supplying LNG. AG&P has also executed an agreement with PPN Power to supply LNG.

The Karaikal Port is a deep-water facility located on the east coast of India.

An area within the existing breakwater of the port has been allocated to develop an LNG terminal which will serve power,