spot_img
29 C
Philippines
Thursday, April 25, 2024

AG&P, German firm sign LNG deal

- Advertisement -
- Advertisement -

Atlantic, Gulf and Pacific Co. signed an agreement with Germany-based Air Liquide Global E&C Solutions, the engineering and construction arm of Air Liquide Group, to develop small-scale liquefied natural gas infrastructure across Asia.

AG&P, a leading integrator of LNG infrastructure solutions and Air Liquide, plans to offer unique, fully integrated and cost-optimized solutions for LNG distribution, with a focus on liquefaction, transportation and downstream infrastructure.

AG&P will integrate the technologies offered by Air Liquide with its expertise in planning, designing engineering, financing and operating LNG infrastructure modules to build technologically-advanced blocks that can plug into any part of the LNG supply chain.

AG&P said this would give end-users faster and more cost-competitive solutions that maximize a project’s value.

“This milestone agreement with Air Liquide will enable the integration of downstream LNG infrastructure, including small scale re-gasification terminals, distribution hubs, truck loading stations and boil-off gas handling systems into AG&P’s LNG supply network for rapid delivery of tolled gas to last-mile customers,” AG&P chairman Jose Leviste Jr. said.

- Advertisement -

Domenico D’Élia, Air Liquide Engineering and Construction vice president and chairman, said the company chose AG&P to be its partner because of its reputation for innovation, safety record and fast delivery.

“Through this agreement, we will be able to meet the dynamic requirements of customers in the vast region of Asia where small quantities of LNG need to be delivered efficiently to end-users scattered across vast distances,” the official said.

AG&P and  Air Liquide said the demand for LNG was growing worldwide as countries soughtto replace oil and heavy fuel oil with LNG as a cleaner and cheaper fuel for power generation, shipping, ground transport and industrial use.

- Advertisement -

LATEST NEWS

Popular Articles