#AGPLNGInTheNews: AG&P LNG buys into Vietnam’s next-up import terminal (Originally published in Tradewinds)
Gas infrastructure and distribution company AG&P LNG has bought a 49% stake in the soon-to-start-up $500m Cai Mep LNG Terminal in south Vietnam as the country prepares for a dramatic expansion in its LNG imports plan.
AG&P LNG wants to be a multi-terminal operator, Karthik Sathyamoorthy, CEO, AG&P LNG said, adding that is looking to support developers that need extra expertise.
“We want to put our flags in as many countries as we can with respect to unlocking LNG import infrastructure and supplying LNG to those markets,” he added.
Read more at:
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𝗔𝗚&𝗣 𝗟𝗡𝗚 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝘀 49% 𝗦𝘁𝗮𝗸𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗙𝘂𝗹𝗹𝘆 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗲𝗱 𝗖𝗮𝗶 𝗠𝗲𝗽 𝗟𝗡𝗚 𝗧𝗲𝗿𝗺𝗶𝗻𝗮𝗹 𝗶𝗻 𝗩𝗶𝗲𝘁𝗻𝗮𝗺
We are proud to announce that AG&P LNG, a subsidiary of Nebula Energy, has acquired a 49% stake in the fully constructed Cai Mep LNG Terminal in South Vietnam. The Cai Mep LNG Terminal was developed by Hai Linh Co., Ltd., a prominent petroleum product import terminal and trader in Vietnam. AG&P LNG and Hai Linh Co., Ltd. will jointly lead the development of LNG trading and downstream gas distribution in Vietnam.
Karthik Sathyamoorthy, CEO, AG&P LNG, said: “Cai Mep LNG will enable reliable LNG access to multiple power plants in its vicinity, including Hai Linh’s Hiep Phuoc Power Plant, currently under construction, and to the industries in the South Vietnam region. AG&P LNG team has already worked closely with the Cai Mep LNG Terminal team to operationalize the terminal by Q3 2024.”
Sam Abdalla, CEO, Nebula Energy, and Vice Chairman, AG&P LNG, said: “Following our recent acquisition of majority stake in AG&P LNG, we are very excited to invest in Vietnam’s flagship 3 MTPA Cai Mep LNG Import Terminal. This investment will enable us to commercialize LNG supply, transportation, and delivery of LNG molecules through our integrated LNG ecosystem.”
Read more: agplng.com/press-releases/agp-lng-acquires-49-stake-in-fully-constructed-cai-mep-lng-terminal.pdf
#AGPLNG #SustainableFuture
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#ThursdayThrowback to two decades ago when AG&P took on a monumental task – fabricating modules for the world’s largest ferro nickel processing plant, the Goro Nickel Mining Project.
Our skilled workforce crafted together 322 modular units, representing 90% of the project’s infrastructure. This project is etched in AG&P’s history as one of our most significant achievements over the past two decades, bringing together over 3,500 Filipino craftsmen for modularization works in Batangas, Philippines, and 1,300 personnel in New Caledonia for onsite construction, commissioning, and operations and maintenance works.
AG&P’s legacy is built on these tremendous projects, and we are excited to continue our journey towards shaping a sustainable future!
#AGPToYou #ModularConstruction #AngGalingngPinoy
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"It was really a blessed day when I joined AG&P! Because of AG&P I was able to save and buy our house and lot for my family. Because of AG&P, I was also able to send my children to school. And now, I have been given an even bigger opportunity being a part of the team deployed to the US and gain international experience.
I am proud to represent AG&P, my company, that recognized my hard work and rewarded me with a dream career." – Zendie Magnaye, Pipe Welder
#AGPToYou #AGreatPlace #AGPTeam
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Thank you, PEZA Director General Tereso Panga, for honoring us with your presence at our inaugural employee townhall at AG&P Batangas!
We deeply appreciate the trust, partnership, and steadfast support your office has consistently extended to our company.
Here’s to many more fruitful years of collaboration ahead!
#AGPToYou #AGPIndustrial #CommittedtoPeople #AGreatPlace
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One proud moment!
AG&P Industrial was awarded a Plaque of Appreciation from our esteemed clients, INEOS and Wood, in acknowledgment of 1 million safe man-hours milestone for Project ONE.
“Safety goes hand-in-hand with quality. When we choose to work properly, we do it in a safe and correct way. Continue working with your direct supervisors who always know what to do. Thank you for doing a great job and it makes me proud to be a part of this family. Keep it up!” said Roeland Uytdewilligen, VP for Project Delivery and Execution, AG&P Industrial.
Anupam Ahuja, Director for Strategic Services, AG&P Industrial, said: “On behalf of our shareholders and the management, I thank everyone who worked hard in achieving this milestone. AG&P is here today because of your hard work and sacrifices. We will continue working with our clients to bring in more projects and make AG&P number one!”
The event also recognized the ‘Most Outstanding Workers’ and the champions of our ‘Safety Observation Card’ initiative.
Congratulations to the Project ONE team on this outstanding achievement!
In this photo (L-R): Roeland Uytdewilligen, AG&P; Davide Ragazzi, Wood; Francesco Sanfilippo, INEOS, and the Project ONE management and workers
#AGPIndustrial #SafetyFirst #ProjectONE #1M
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𝗔𝗚&𝗣 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝘂𝗻𝗹𝗼𝗰𝗸𝘀 𝗮 𝗺𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 𝘄𝗶𝘁𝗵 1 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘀𝗮𝗳𝗲 𝗺𝗮𝗻-𝗵𝗼𝘂𝗿𝘀 𝗳𝗼𝗿 𝗜𝗡𝗘𝗢𝗦’ 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗢𝗡𝗘
A heartfelt congratulations to the incredible Project ONE team for achieving 1 million man-hours without Lost-Time Incident (LTI)!
Alex Gamboa, President, AG&P Industrial, beams with pride: “AG&P Industrial is at the forefront, weaving safety and sustainability into every thread of our work. I am proud of our team’s collaborative spirit and tireless efforts. The work that we do for INEOS’ Project ONE steam cracker plant, which is designed for optimal efficiency and reduced environmental impact, contributes to a more #SustainableFuture. Let us keep up the amazing work and continue pushing boundaries!”
Great job, Team!
#AGPIndustrial #SafetyFirst #ProjectONE #1M
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#𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠𝐖𝐢𝐧𝐬: 𝐀𝐆&𝐏 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐬𝐜𝐨𝐫𝐞𝐬 𝐛𝐢𝐠 𝐰𝐢𝐭𝐡 “𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫” 𝐚𝐰𝐚𝐫𝐝
Exciting news! AG&P Industrial has bagged the “Philippines Employee Engagement of the Year – Industrial Construction” award at the Asian Management Excellence Awards 2024. This victory underscores the success of our game-changing people experience transformation program.
At AG&P, a motivated and engaged team is the heartbeat of our success.
Cheers to our incredible team, and here’s to more wins and celebrations ahead as we continue making AG&P #AGreatPlace!
#AGPIndustrialWins #AsianManagementExcellenceAwards
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