Atlantic Gulf & Pacific Company to set up LNG terminal at Karaikal – Feedback

Philippines-based Atlantic Gulf & Pacific Company (AG&P) has signed a pact with Karaikal Port Private Limited to develop a liquefied natural gas import terminal at the port located in Puducherry.

Terminal will have a capacity of one million tonnes a year in the first phase, which will be doubled in two years. About $200 million will be invested in the project in the first phase, said Karthik Sathyamoorthy, president, LNG marketing at AG&P. “We expect to achieve financial closure for the project in the next six months.

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