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Investors - MARCH 8, 2021

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AG&P moves forward with LNG import project in the Philippines

by Released

Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been approved by the Philippines’ Department of Energy (DOE) to develop its LNG import and regasification terminal on the main island of Luzon, called the Philippines LNG (PLNG).

PLNG will store LNG and dispatch natural gas to power plants, industrial and commercial customers and other consumers, opening up for the country a new era of clean, efficient fuel.

PLNG will have the initial capacity to deliver up to 3.0 MTPA of regasified LNG, with additional capacity for liquid distribution. On day one, PLNG will have scalable onshore regasification capacity of 420mmscfd and almost 200,000cbm of storage that will ensure high availability and reliability of natural gas for its customers.

AG&P has already completed its predevelopment work for PLNG, which is expected to be commissioned by summer 2022.

“AG&P is working very hard to bring this safe, environmentally-friendly, competitive

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