AG&P

What AG&P does

AG&P (Atlantic, Gulf and Pacific Company of Manila, Incorporated), founded in 1897 and headquartered in Singapore under AGP International Holdings Pte. Ltd., is a privately held downstream LNG infrastructure platform that develops, owns, and operates LNG import terminals, city gas distribution (CGD) networks, and modular industrial construction assets. The group operates three core segments. The first is LNG Terminals and Logistics under the AG&P LNG brand, which includes the commissioned Philippines LNG (PHLNG) Import Terminal in Batangas Bay (5 MTPA, first hybrid FSU-plus-onshore terminal), the Karaikal LNG Terminal in India (3 MTPA, under construction), the Cai Mep LNG Terminal in Vietnam (49% stake acquired 2024), and a 20-year PLN EPI concession in Indonesia, supported by long-term ADNOC L&S charter agreements and proprietary modular regasification technologies. The second segment is City Gas Distribution under the AG&P Pratham brand, which holds 12 long-term 25-year exclusive concessions across Rajasthan, Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu, covering 28 districts and approximately 80 million people, distributing piped natural gas (PNG) to households and industrial customers plus compressed natural gas (CNG) to transport users, with planned rollout of 1,500 CNG stations and 17,000 inch-km of pipeline to connect 10 million households over a decade.

The third segment is AG&P Industrial, which provides engineering, procurement, fabrication, construction, installation, and commissioning (EPFCIC) and operations and maintenance (O&M) services for LNG, refining, petrochemical, and power projects globally. Its core competitive technology is the proprietary Modstruction™ modular construction methodology, delivered through a 100-hectare Batangas fabrication yard with a deep-sea port and 80,000MT of annual module assembly capacity; the segment has executed 139 industrial projects across 30 countries and cites US$1B of contracts in its pipeline as of mid-2025. AG&P's revenue mechanics span long-term infrastructure concessions (managed services and recurring CGD tariffs) for terminals and gas distribution, project-based professional services for EPFCIC work, and transaction-based LNG trucking, bunkering, and break-bulking services, with customers including power utilities, industrial offtakers, government entities, and household/transport end-users primarily across the Philippines, India, Southeast Asia, and emerging Asia-Pacific markets.

Name

AG&P

Legal name

Atlantic, Gulf and Pacific Company of Manila, Incorporated

Website

https://agpglobal.com

Company type

Private

Founded year

1897

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

AG&P is a Singapore-headquartered downstream LNG infrastructure platform that develops, owns, and operates LNG import terminals, city gas distribution networks across 12 Indian concessions serving 80 million people, and modular construction services through a 100-hectare Philippine fabrication yard.

Ownership category

akta.pro rank

Product category

LNG Infrastructure and City Gas Distribution

NAICS

Natural Gas Distribution (22121), Petroleum Bulk Stations and Terminals (424710)

SIC

Natural Gas Distribution (4924), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD)

akta.pro secondary industries

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC), Natural Gas Retail Supply (Residential & SMB) (EUAGAGAD), C&I Retail Natural Gas Supply (EUAGACAB), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL)

Keywords

• LNG terminal development
• City gas distribution
• Modular construction services
• LNG logistics
• Natural gas infrastructure

Headquarters

HQ city

Muntinlupa City

HQ country

Philippines

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. LNG Terminal Operations: Developing, owning, and operating LNG import facilities including terminal capacity booking, LNG storage, regasification, and distribution to downstream customers
2. City Gas Distribution (PNG, CNG): Distribution of Piped Natural Gas to households, industrial and commercial customers via pipelines, and Compressed Natural Gas for vehicles through CNG stations
3. Modular Construction & Fabrication: Engineering, Procurement, Fabrication, Construction, Installation and Commissioning (EPFCIC) services and Operations & Maintenance for LNG terminals, refineries, petrochemical plants, and other industrial infrastructure globally
4. LNG Logistics & Trucking: LNG transportation via trucks and localized pipelines to city gas distribution companies and industrial customers not connected to gas infrastructure, plus LNG bunkering and marine break-bulking

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

AG&P develops, owns, and operates LNG import terminals (including the Philippines LNG and Karaikal LNG terminals) and distributes natural gas through 12 long-term City Gas Distribution concessions in India via its AG&P Pratham brand, supplying PNG to households, industrial and commercial customers and CNG/LCNG to transport customers. Through AG&P Industrial, it also delivers modular engineering, procurement, fabrication, construction, installation, commissioning (EPFCIC) and operations & maintenance services for LNG terminals, refineries, and petrochemical plants worldwide.

Product overview

AG&P is a downstream LNG infrastructure platform providing integrated clean energy solutions. The portfolio consists of three core segments: (1) LNG Terminals & Logistics – developing, owning, and operating LNG import terminals using proprietary Modstruction™ modular construction and standardized modular regasification technologies, including the Philippines LNG (PHLNG) Import Terminal (first hybrid terminal in the Philippines) and Karaikal LNG Terminal in India; (2) City Gas Distribution (AG&P Pratham) – distributing PNG to households, industrial and commercial customers and CNG/LCNG to transport customers across 12 concessions in India covering 28 districts and ~80 million people; and (3) AG&P Industrial – providing modular construction and EPFCIC/O&M services through manufacturing facilities with 80,000MT annual module assembly capacity. The company also offers LNG trucking, break-bulking, bunkering, and decommissioning services.

Differentiator

Problem solved

Functional benefit

Brands

• AG&P Pratham: Brand name for AG&P's City Gas Distribution operations in India, operating under 12 long-term 25-year exclusive concessions in Rajasthan, Andhra Pradesh, Karnataka, Kerala and Tamil Nadu, serving 28 districts and approximately 80 million people across 8% of India.
• AG&P LNG
• AG&P Industrial

Products and services

• AG&P Industrial (EPFCIC and O&M services) Industrial solutions division providing Engineering, Procurement, Fabrication, Construction, Installation and Commissioning (EPFCIC) and Operations & Maintenance (O&M) services for LNG terminals, refineries, petrochemical plants, and other complex process units. Operates a 100-hectare manufacturing facility with deep-sea port and 80,000MT annual module assembly capacity.
• LNG Terminals & Logistics Platform AG&P develops, owns and operates LNG import terminals using proprietary modular regasification technologies. Services include LNG trucking, LNG bunkering, and marine break-bulking solutions to bridge gaps in the natural gas value chain across South and Southeast Asia.
• AG&P Pratham (City Gas Distribution) AG&P's CGD brand in India operating under 12 long-term 25-year exclusive concessions across Rajasthan, Andhra Pradesh, Karnataka, Kerala and Tamil Nadu, covering 28 districts and ~80 million people, distributing PNG to households, industrial, and commercial customers and CNG/LCNG to transport customers.
• Philippines LNG (PHLNG) Import Terminal First hybrid LNG terminal in the Philippines, commissioned in May 2023, combining ADNOC L&S 137,500 cbm Floating Storage Unit with onshore storage and a modular regasification solution to supply natural gas to SMC Global Power. Has 5 MTPA capacity.
• Karaikal LNG Terminal (India) LNG import facility developed at Karaikal Port in Puducherry, India with 3 MTPA terminal capacity, providing LNG and natural gas supply to downstream customers in South India through AG&P Pratham's CGD network.
• PNG (Piped Natural Gas) Distribution Piped Natural Gas delivered via pipelines and trucks to households, industrial and commercial customers across AG&P Pratham's 12-city concession CGD network in India.
• CNG (Compressed Natural Gas) Clean, low-cost compressed natural gas supplied to vehicle transport customers through AG&P Pratham's network of CNG stations in India, targeting 1,500 stations to serve ~10 million households and transport customers over the next decade.
• LCNG (Liquefied and Compressed Natural Gas) Combined LNG and CNG station solution that provides both piped natural gas and CNG dispensing from a single facility within AG&P Pratham's CGD network in India.
• LNG Break-bulking and Bunkering Marine solutions supplying LNG to isolated or smaller markets along coasts and rivers, including LNG bunkering infrastructure for maritime vessels, co-developed via Kanfer Shipping and partner CGR Arctic Marine.
• Onsite Construction Services Complete project site services including module installation, commissioning, operations and maintenance (O&M), and full onsite construction executed by qualified workers for industrial and energy infrastructure projects.
• Pre-Commissioning, Hook-up and Commissioning Services Testing, pre-commissioning, hook-up and commissioning services for offshore facilities, vessels, and onshore assets such as power plants and terminals.
• Operations and Maintenance (O&M) Comprehensive Operations & Maintenance services for onshore and offshore projects in the oil and gas industry, including operations procedure development, operator training, and operability studies.
• Decommissioning and Restoration (D&R) Decommissioning services for offshore oil and gas platforms including project management, engineering, platform removal, and site restoration.

Quantifiable outcome

• 1,500 CNG stations planned across India
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered strategic, major, core and minor.

• Royal EijkelkampstrategicStrategic or Co-development Partner · 24 June 2025AG&P Industrial and Royal Eijkelkamp signed MoU for geothermal projects to support the Indonesian government in accelerating the development of clean and renewable energy sources.
• Visayas NECEBOLEY Interlink Holdings Corporation (VNIHC)majorStrategic or Co-development Partner · 24 April 2024AG&P Industrial and VNIHC signed exclusive MoU for project management, construction and delivery of NEDA's US$15 billion infrastructure project connecting 4 major islands of Visayas Region in the Philippines.
• Hai Linh Company LimitedcoreStrategic or Co-development Partner · 7 March 2024AG&P LNG acquired 49% stake in the fully constructed Cai Mep LNG Terminal in South Vietnam, developed by Hai Linh Company Limited. Commissioning started in May 2024.
• Pragati Infra Solutions Pvt. Ltd. (PISL)majorStrategic or Co-development Partner · 1 January 2024AG&P Industrial and PISL formed a 50-50 joint venture for India's first advanced modular EPC and fabrication manufacturing facility in Andhra Pradesh with proposed investment of USD 100 million, targeting completion by 2027.
• Philippines National Engineering University & TESDA CALABARZONminorStrategic or Co-development Partner · 23 March 2023AG&P partnered with Philippines National Engineering University and TESDA CALABARZON for workforce development and technical education collaboration.
• ADNOC Logistics and ServicescoreStrategic or Co-development Partner · 21 December 2022ADNOC L&S signed a third long-term charter agreement for LNG Floating Storage Unit with AG&P, expanding their strategic partnership.
• Gas EnteccoreStrategic or Co-development Partner · 9 May 2022AG&P subsidiary Gas Entec completed conversion of LNG carrier to build world's first operating Modular LNG Floating Storing Regasification (M-FSRU) Unit for KARMOL, delivering LNG to 236MW floating power plant in Senegal.
• University of Asia & Pacific Center for Social ResponsibilityminorStrategic or Co-development Partner · 5 May 2022AG&P partnered with University of Asia & Pacific's Center for Social Responsibility to boost sustainability commitment through CSR initiatives.
• ADNOC Logistics and ServicescoreStrategic or Co-development Partner · 4 February 2022ADNOC L&S signed a 15-year charter agreement to provide a 137,500 cbm Floating Storage Unit for AG&P's first Philippines LNG Import Terminal in Batangas Bay, maximizing terminal availability.
• Government of Tamil NaducoreStrategic or Co-development Partner · 16 February 2021AG&P inked MoU with Government of Tamil Nadu to develop City Gas Distribution infrastructure in the state, marking significant government partnership for CGD rollout.
• Kanfer ShippingstrategicStrategic or Co-development Partner · 14 November 2019AG&P invested in Kanfer Shipping to develop LNG bunkering vessels with CGR Arctic Marine for cost-saving LNG bunkering solutions in maritime markets.
• Chart IndustriesstrategicTechnology or Integration · 22 August 2019AG&P signed MoU with Chart Industries for potential technology and integration partnerships in LNG infrastructure solutions.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• New Fortress Energy: Vertically integrated LNG infrastructure company that develops, owns and operates LNG import terminals and downstream gas supply to industrial, power and transport customers in emerging markets — the closest analog to AG&P's terminal-to-customer model.
• Höegh Evi: Owner/operator of FSRUs and floating LNG terminals globally; competes directly with AG&P's hybrid FSU-plus-onshore regasification model and has a strong presence in similar emerging-market geographies.
• Excelerate Energy: Pure-play FSRU operator and LNG regasification service provider with comparable floating storage and regasification technology to AG&P's hybrid terminal approach; comparable emerging-market focus.
• Golar LNG: Provides FLNG and FSRU infrastructure for LNG import and gas monetization, with modular floating solutions targeting emerging markets — directly comparable to AG&P's M-FSRU capability and small-scale LNG model.
• Adani Total Gas: One of India's largest CGD players with PNG and CNG operations across multiple states; directly comparable to AG&P Pratham's city gas distribution footprint and concession model in India.
• Mahanagar Gas: Major Indian CGD utility distributing PNG to households and CNG to transport; competes with AG&P Pratham in Indian CGD concessions and shares similar regulatory and operational dynamics under PNGRB.
• Indraprastha Gas: Leading Indian CGD operator (PNG and CNG) in NCR and other regions; directly comparable to AG&P Pratham as a regulated CGD business with similar customer mix and unit economics.

Broad incumbents

• Saipem: Major global EPC contractor with deep LNG, refinery and petrochemical project execution capabilities; competes with AG&P Industrial on large modular construction and EPFCIC contracts but at significantly larger scale.
• Chart Industries: Supplies cryogenic and regasification equipment used in LNG terminals — including as a technology partner (MoU) with AG&P — and represents the equipment-supply side of the same LNG infrastructure value chain.

Others

• ADNOC Logistics & Services: Long-term FSU charter counterparty to AG&P across PHLNG and other terminals; a key infrastructure enabler and ecosystem partner rather than a direct competitor, but central to AG&P's terminal strategy.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/agpglobal
• Xx.com/agptoyou

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AG&P