AG&P looks to establish first LNG terminal in India by 2024

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AG&P looks to establish first LNG terminal in India by 2024

SINGAPORE Singapore-based Atlantic, Gulf and Pacific is looking to establish its first liquefied natural gas terminal in India by the end of 2024, a top company official said, although it is evaluating other sites as an alternative to the terminal's location in the south of the country.

Karthik Sathyamoorthy, president of the LNG Terminals and Logistics division at AG&P, said that AG&P is very bullish on an India import terminal and our aim is to have a terminal up and running in the next two years.

In February 2020, the company broke ground on its first LNG import facility in India, at the Karaikal port in the southern city of Puducherry. Sathyamoorthy said that COVID-related curbs resulted in a slowdown in the terminal's development.

We have restarted our focus on the import terminal. He said that there are a number of other options in addition to Karaikal. We are looking at a terminal in India but it doesn't need to be in Karaikal per se. Sathyamoorthy declined to say why the company is considering other locations for an LNG terminal in India.

The terminal at the Karaikal port is planned to have an initial capacity of one million tonnes per annum mtpa and provide natural gas to power plants, industrial and commercial customers within a 300 kilometre radius.

On AG&P's LNG import terminal in the Philippines, Sathyamoorthy said it was on track to begin operations by the first quarter of 2023 and will source supplies of chilled fuel from a portfolio player.

We have a contract with a portfolio player. He said that we will be bringing in a combination of spot, short-term and mid-term supplies.

The terminal, named PHLNG, was originally scheduled to be operational in July 2022, but was delayed due to COVID-induced supply-chain issues.

It will have a 5 mtpa capacity and will fuel the existing 1,200 MW Ilijan power plant in the Batangas province.