AG&P Promotes LNG Access with new U.S. Subsidiary

| Philippines and USA

AG&P modular regasificationAG&P (Atlantic, Gulf and Pacific Company), a global pioneer of high-value modular infrastructure now at the forefront of developing LNG receiving terminals and their supply chains, has launched AG&P Engineering Inc. in Houston, USA.

Together with AG&P’s marine engineering subsidiary, Gas Entec of South Korea, and its construction and engineering group in the Philippines, AG&P Engineering will develop innovative LNG infrastructure assets to serve the needs of power, bunkering, mining, transportation and industrial users in emerging economies that are currently off-grid and not served by existing LNG networks.

AG&P Engineering will focus on LNG import terminals and their supply chains with the aim of delivering LNG or gas to last-mile customers at a lower, pragmatic capital cost. Their unique approach integrates design, manufacturing, financing and development for regasification and storage terminals, trucks and vessels for LNG transportation and other infrastructure assets enabling delivery in the shortest time possible. Efficiencies are achieved using standardized modules to match investment with demand, with the terminal to become a gateway to stranded customers located up to several hundred kilometers away.

“Despite the competitive cost and high demand for LNG, projects have suffered from inertia because of a lack of the right infrastructure and the prohibitively high cost of developing it, creating a distribution gap for off-grid customers,” said Alfred Moujaes, Head, AG&P Engineering.

“AG&P Engineering is bridging this gap by providing fast-track, scalable engineering designs for any or all parts of the LNG supply chain. Costs are substantially reduced by having an in-house engineering team because project delays and overall cost increases are often attributed to bespoke third-party engineering. Our approach will make it easier and faster for last-mile customers to access LNG,” he added.

Source: AG&P

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