Philippine Daily Inquirer
PH-BORN FIRM AIDS CRUCIAL INFRA PROJECTS ABROAD
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.