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AG&P predicts approval for two LNG terminals within two years

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LNG Industry,

According to Reuters, Atlantic Gulf and Pacific (AG&P) believes it will be able to give approval for two more LNG terminals within the two years.

This latest statement follows the news that the company has just broken ground on its first LNG import terminal at Karaikal port in Puducherry, India.

Speaking to Reuters, Karthik Sathyamoorthy, president of the company’s LNG Terminals and Logistics division, said: “Our aim is to be a global LNG terminal developer focusing on smaller demand centres.”

He did not specify where these terminals might be located, but did note that the company was actively working on projects across Southeast Asia, as well as in the Caribbean.

According to Reuters, the Karaikal LNG import terminal is being built on a 12-hectare site, and will have an initial capacity of 1 million tpy. It will house a floating storage unit (FSU) leased from an ADNOC unit, with commercial operations expected to commence by 4Q21. Once complete, the facility will provide gas to power plants, industrial and commercial users within a 300 km radius. It will also serve the city gas networks of AG&P and other companies which deliver CNG and LNG to vehicles, and pipe natural gas to households and other clients. Remote customers will reportedly be able to have LNG delivered by the company’s truck fleet.

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