AG&P construction wins over US$770 million in contracted backlog

KUALA LUMPUR, April 15 -- Atlantic Gulf & Company (AG&P) and its subsidiaries are entering the second quarter of 2021 with a record backlog of contracted projects totaling over US$770 million. (US$1 = RM4.122)

The projects are covering various landmark initiatives in the Philippines, India, the United States and elsewhere.

The backlog includes work on behalf of five land or marine LNG terminals, a petrochemical complex, modularised oil refinery, an edible oil depot, a new LNG bunkering vessel and engineering for other maritime LNG applications.

Based on a statement, AG&P is also expected to secure additional projects in the LNG and power sectors within this year.

“It is a ground-breaking year for AG&P as it participates in critical infrastructure projects particularly in Asia-Pacific that will accelerate commercial development, create jobs, clean air and trigger overall economic and social progress,” said AG&P Chairman, Augusto Gan.

Recently, AG&P was issued the Notice to Proceed by the Philippines Department of Energy for the development of its LNG import and regasification terminal on Batangas Bay called Philippines LNG.

Part-owned by Osaka Gas and JBIC of Japan, AG&P is a global leader in developing and running LNG and gas logistics and distribution solutions.

-- BERNAMA