Homegrown AG&P Construction Wins $770 Million in Contracted Backlog

Atlantic Gulf & Pacific Company (AG&P) and its subsidiaries are entering the second quarter of 2021 with a record backlog of contracted projects totaling over US$770 million covering various landmark initiatives in the Philippines, India, the US and elsewhere.

The backlog includes work on behalf of five land or marine Liquefied Natural Gas (LNG) terminals, a petrochemical complex, modularized oil refinery, an edible oil depot, a new LNG bunkering vessel and engineering for other maritime LNG applications. AG&P is also expected to secure additional projects in the LNG and power sectors within the year.

Recently, the company was issued the Notice to Proceed (NTP) by the Department of Energy (DOE) for the development of its LNG import and regasification terminal on Batangas Bay called Philippines LNG (PLNG). It will store LNG and dispatch natural gas to power plants, industrial and commercial customers and other consumers.

AG&P owns and operates a 100-hectare, large-capacity, state-of-the-art heavy fabrication and assembly yard located on Batangas Bay, Philippines, with direct, open water access that allows the company to pre-fabricate, manufacture and assemble heavy, large, complex and dense process units and modules, pipe-racks, various pre-assembled structures for the plant, building and marine applications, as well as fully commissioned, mission-ready, blast-proof e-houses and electrical & instrumentation control rooms, among others.

“It is a groundbreaking year for AG&P as it participates in critical infrastructure projects particularly in (the) Asia-Pacific (region), that will accelerate commercial development, create jobs, clean air and trigger overall economic and social progress,” Gan said. (via Inquirer)

SOURCE: Business Wire, Inquirer