AG&P (Atlantic, Gulf and Pacific Company) has signed an exclusivity with Karaikal Port Pvt. Ltd. (KPPL) to develop an LNG import terminal at the Port, including LNG sourcing and supply. AG&P has also executed exclusivity with PPN Power to supply LNG. AG&P has exclusivity to develop a major LNG import terminal at Karaikal Port, Puducherry, India (image - Karaikal Port courtesy KPPL). The Karaikal Port is a deep-water facility located on the east coast of India. Since commencing operations in 2009, the Port has handled over 46 million tonnes of multi-cargo and received over 1,400 commercial vessels. As part of the Port's expansion beyond commercial cargos, the Port allocated an area within its existing breakwater to develop an LNG terminal to serve power, industrial and other customers in the region. The Port received its Environmental Approval (EA) for this LNG terminal development in May 2017. Karaikal Port is a center of trading for Southeast India and is crucial to the region's GDP. With the addition of AG&P's LNG import terminal, Karaikal Port will continue to be an engine of growth for the region's future. The development of AG&P's LNG import terminal at Karaikal Port shall complement Indian Oil's under construction LNG terminal at Ennore 300 kilometers to the north and will provide wider gas accessibility to Puducherry and Tamil Nadu. It will serve the heavily industrialized region of central Tamil Nadu which has major manufacturing clusters for the fertilizer, cement, steel, textile, leather, sugar and garment industries located within its 300 kms catchment area. In addition, it will serve the gas-fired power industry as well as multiple demand centers via pipeline and/or city gas distribution network.

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