AG&P to Set Up its First LNG Terminal in India by 2024-End

Singapore-based Atlantic, Gulf and Pacific is looking to set up its first liquefied natural gas terminal in India by 2024 end, a top company official said, although it is evaluating other sites as an alternative to the terminal's location in the south of the country.

"AG&P is very bullish on an India import terminal and our aim is to have a terminal up and running in the next two years," said Karthik Sathyamoorthy, president of LNG Terminals and Logistics division at AG&P.

The company broke ground on its first LNG import facility in India, at the Karaikal port in the southern city of Puducherry, in February 2020. But then COVID-related curbs led to a slowdown in the terminal's development, said Sathyamoorthy.

"Today we have restarted focus on the import terminal... But in addition to Karaikal we have a couple of other options as well," he said. "We are looking at a terminal in India but it doesn't need to be in Karaikal per se."