Atlantic, Gulf & Pacific International Holdings (AG&P) is on track to become the Philippines’ first LNG (liquefied natural gas) terminal when it starts operations this year.
“In the Philippines, we will commission the country’s first LNG import terminal this year in Ilijan, Batangas Bay on the main island of Luzon,” said Joseph Sigelman, chairman and CEO of AG&P Group.
“Called the Philippines LNG (PHLNG) import terminal, it will store LNG and dispatch natural gas to power plants, opening up a new era of clean, efficient fuel and doing its part for the Philippines to compete for and win investment and jobs in the years to come,” Sigelman said.
AG&P invested P14.6 billion in the five million tons per annum (MTPA) PHLNG import terminal which is seen to deliver gas well beyond the lifespan of Malampaya. The terminal’s construction was in line with efforts to secure the current and future energy demand of the region.
“There is a great increase in LNG export coming in the next years, and there is clear demand from industry, power and home and vehicle owners who want clean, competitive fuel. AG&P’s mission is to bridge the coming surge in gas supply with the customers who need it by providing fast, standardized infrastructure and logistics,” Sigelman said.
The LNG terminal will primarily serve the LNG needs of the 1,200 megawatt Ilijan natural gas plant of conglomerate San Miguel Corp.
AG&P was recently named the APAC Company of the Year for 2022 in the LNG category of The Energy Council’s Annual Awards of Excellence. The award represents a global benchmark of excellence for the natural gas and LNG sectors.
