AG&P to launch Philippines LNG terminal this year

AG&P aims to commission the Philippines’ first liquefied natural gas (LNG) import terminal this December as part of the company’s strategy to operate five LNG regasification facilities across Asia by 2025.

The import facility being developed in the Philippines was scheduled to start operating in September, but commissioning has been delayed to December 2022.

AG&P, whose LNG business is headquartered in Singapore, is backed by several major shareholders, the largest being a Kuwaiti fund called Asiya, followed by Japan’s Osaka gas and Japan Bank for International Cooperation (JBIC). However, from an operational perspective, AG&P has over 8,000 employees in the Philippines and Manilla remains its largest operational location.

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