Philippine Daily Inquirer


- By Ronnel W. Domingo @RonWDoming­oINQ

Atlantic Gulf & Pacific Company of Manila Inc. (AG&P) is building at its assembly yard in Batangas province key components of a portfolio of liquefied natural gas and petrochemi­cal projects, worth a cumulative $770 million, in the Philippine­s, the United States, India and elsewhere.

The homegrown global engineerin­g contractor, now headquarte­red in Singapore, said its network of subsidiari­es had racked up this quarter a record portfolio of contracted projects.

These include works for five LNG terminals, both onshore and offshore; a petrochemi­cal complex; modularize­d oil refinery; an oil depot; a new LNG bunkering vessel; and engineerin­g for other maritime LNG applicatio­ns.

“AG&P’s Constructi­on Business is forecast to have its best year, with contracted backlog already over $770 million spread over three years,” AG&P chair Augusto Gan said in a statement.

“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.

Last month, the company said it had received from the Department of Energy a notice to proceed with the developmen­t of its import and regasifica­tion terminal along Batangas Bay.

Dubbed Philippine­s LNG, the terminal is intended for storage of LNG and for dispatch of natural gas to customers that will use the fuel to run power plants and other industrial and commercial purposes.

Gan said key projects were expected to be built modularly at AG&P’s manufactur­ing facilities in Batangas, where the company owns and operates a 100-hectare, large-capacity heavy fabricatio­n and assembly yard.

According to Alexander Gamboa, senior vice president of AG&P Constructi­on, the company hosts a cadre of experience­d and multicultu­ral leaders and is home to a highly skilled, well-trained workforce.

“[This] has transforme­d AG&P ... into a cutting-edge, high-technology global EPC (engineerin­g procuremen­t and constructi­on) company,” Gamboa said.

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