Atlantic, Gulf & Pacific Company of Manila Inc. said it anticipates nearly $1 billion in revenues over the next two to three years as it embarks on a multiyear global expansion.
Alex Gamboa, president and managing director for business development, said in an interview the company is experiencing a resurgence of international contracts that were delayed during the pandemic, many of which are now in advanced stages.
“These contracts in totality would be close to a billion dollars,” Gamboa said, adding that the majority of this revenue would be generated from overseas infrastructure and energy projects.
Key projects include a desulfurization project in Queensland, Australia; a new liquefied natural gas (LNG) terminal in Africa; and a major terminal project in the Pacific Islands. AG&P is also pursuing large-scale projects in the United States, Europe and a soon-to-be-announced partnership in Australia.
The company is also diversifying into the renewables sector, with plans to develop hydroelectric and geothermal projects. AG&P also will launch a sustainable aviation fuel (SAF) project in Australia.
“This is part of our pivot toward decarbonization and a broader energy transition strategy,” Gamboa said.
He said that while the revenue pipeline is increasingly global, AG&P remains rooted in the Philippines.
