AG&P and Hindustan LNG sign MoU for LNG terminal

The Atlantic, Gulf and Pacific Company (AG&P) and Hyderabad-based Hindustan LNG have signed an MoU for the development of a liquefied natural gas (LNG) terminal and the supply of tolled gas to power stations in the East Godavari region of Andhra Pradesh. Under the agreement, AG&P will provide an integrated solution to deliver regasified LNG through a new LNG import terminal that the company will set up in Andhra Pradesh. AG&P will be responsible for designing and building all the required facilities for the import terminal, including a floating storage and mooring system, regasification terminal and related utilities, and the provision of tolled gas to power plants and other users.