Atlantic Gulf & Pacific Co (AG&P) and its subsidiaries have announced they are entering the 2Q21 with a record of projects totalling over $770 million covering various landmark initiatives in the Philippines, India, the US and elsewhere.
The contracted backlog of projects includes work on behalf of five land or marine LNG terminals, a petrochemical complex, modularised oil refinery, an oil depot, a new LNG bunkering vessel and engineering for other maritime LNG applications.
“AG&P’s Construction Business is forecast to have its best year, with contracted backlog already over $770 million spread over three years. It is a groundbreaking year for AG&P as it participates in critical infrastructure projects particularly in Asia-Pacific, that will accelerate commercial development, create jobs, clean air and trigger overall economic and social progress,” said Augusto Gan, chairman, AG&P.
Earlier, AG&P was issued the notice to proceed (NTP) by the Philippines Department of Energy (DOE) for the development of its LNG import and regasification terminal on Batangas Bay called Philippines LNG (PLNG).
PLNG will store LNG and dispatch natural gas to power plant, industrial and commercial customers and other consumers, opening up a new era of clean energy for the country and doing its part for the Philippines to compete for and win investment and jobs.
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