By: Ronnel W. Domingo - 05:15 AM
December 03, 2018
Philippine global engineering firm
AG&P (Atlantic, Gulf and Pacific Co. of Manila) has secured rights to put
up facilities in India to make natural gas available to residents and
businesses in two areas of the southern state of Tamil Nadu.
The grant to AG&P—along with 22
other entities—was part of New Delhi’s ninth bidding round for city gas
distribution projects (CGD) that covers 63 geographical areas across India,
including seven areas in Tamil Nadu.
The Petroleum & Natural Gas
Regulatory Board awarded to the homegrown multinational’s unit AG&P LNG
Marketing Pte. Ltd. rights to build LNG facilities in the districts of
Kanchipuram and Ramanathapuram in Tamil Nadu.
Karthik Sathyamoorthy, president of
AG&P LNG Marketing, said in a statement this added to AG&P’s portfolio
in India. AG&P is also building an LNG terminal in Karaikal, in the union
territory of Puducherry.
He said AG&P was investing
heavily in gas infrastructure to support India’s drive to switch to natural gas
as a clean and affordable source of fuel.
In Tamil Nadu, AG&P’s CGD
networks will deliver natural gas “directly, safely and conveniently” to
houses, gas stations, industrial and commercial establishments.”
CGD concessions are intended to make
natural gas available for use as compressed gas for use as automotive fuel as
well as piped gas for households, commercial establishments and industrial
businesses.
“This landmark CGD project for these
two districts [of Tamil Nadu] and others across the region will reduce energy
costs, create jobs, trigger economic and social development, and lead to much
needed cleaner air, improving the quality of life for the people of Tamil
Nadu,” the company president said.
So far, India has awarded CGD rights
covering 178 districts across the country that together represent about 46
percent of the population and 35 percent of its land area.
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