Atlantic, Gulf and Pacific Company (AG&P) is planning to design and build an LNG terminal at the port in Andhra Pradesh, India, as part of a newly signed memorandum of understanding (MoU) with Hindustan LNG (HLNG).
The agreement will see AG&P build all the required facilities for the import terminal, such as a floating storage and mooring system, regasification terminal and related utilities.
The deal's main objective is to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh.
Development of the terminal will be jointly carried out by AG&P and HLNG, while the operations and management activities will be performed by AG&P alone.
Hindustan LNG chairman Dr C R Prasad said: “Andhra Pradesh is the ideal place for developing an LNG import facility to serve the growing energy demands of the east coast of India, where existing gas-fired power projects urgently need a reliable supply of LNG.
“The partnership with AG&P will provide a strong platform to develop a fast-track and low-cost LNG import solution that will enable the region to continue on its growth trajectory.”
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AG&P currently provides infrastructure solutions, as well as modularised products and support services to vessels, projects and plants.
The company launched its ultra-shallow draft LNG-carrier in October last year, which is capable of accessing rivers and shallow harbours with a draft of 2m.
The carrier features a hull design that reduces the waterline entrance angle and vessel resistance in waves, and has a scalable cargo-carrying capacity from 4,000m³ to 8,000m³.
Image: AG&P will design and build all the required facilities for the LNG import terminal at Andhra Pradesh port, India. Photo: courtesy of Business Wire.