AG&P to develop LNG import terminal at Karaikal Port, India
CHENNAI — Atlantic, Gulf and Pacific Company (AG&P), the Philippines-based company at the forefront of providing pragmatic, end-to-end LNG delivery solutions, has signed an exclusivity with Karaikal Port Pvt. Ltd. (KPPL), to develop an LNG import terminal at the Port, including LNG sourcing and supply. AG&P has also executed exclusivity with PPN Power to supply LNG.
|Photo courtesy of AG&P.
The Karaikal Port is a deep-water facility located on the east coast of India. Since commencing operations in 2009, the Port has handled over 46 MMt of multi-cargo and received over 1,400 commercial vessels. As part of the Port’s expansion beyond commercial cargos, the Port allocated an area within its existing breakwater to develop an LNG terminal to serve power, industrial and other customers in the region. The Port received its Environmental Approval (EA) for this LNG terminal development in May 2017.
The development of AG&P’s LNG import terminal at Karaikal Port shall complement Indian Oil’s under construction LNG terminal at Ennore 300 km to the north and will provide wider gas accessibility to Puducherry and Tamil Nadu. It will serve the heavily industrialized region of central Tamil Nadu which has major manufacturing clusters for the fertilizer, cement, steel, textile, leather, sugar and garment industries located within its 300 km catchment area. In addition, it will serve the gas-fired power industry as well as multiple demand centers via pipeline and/or city gas distribution network.
AG&P singularly provides a fully integrated solution from LNG sourcing to last-mile delivery, thus simplifying and making commercially compelling the decision to switch energy sources for its customers. AG&P’s business model is unique by bringing under one platform LNG design/engineering, innovative technology, manufacturing, project management, local marketing and operations. Through its terminal gateways, AG&P delivers LNG/natural gas to its customers.
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November 29, 2017 10am CST