AG&P invests in GAS Entec for state-of-the-art LNG distribution network

There is an immediate demand for the use of LNG for power, fuel bunkering and industrial applications in countries like the Philippines and Indonesia as well as in the North America, Europe and South Asia regions where companies are looking to distribute LNG to new applications on coasts, up rivers and inland, according to Albert Altura, president of AG&P (Atlantic, Gulf and Pacific Company), a global leader in infrastructure solutions for energy, natural resources and other industrial companies.

To meet this demand, AG&P has recently announced a major investment in GAS Entec, a pioneering, Korea-based engineering and design firm dedicated to small- and mid-scale LNG applications.

AG&P and GAS Entec, together, will now provide a suite of onshore and floating products for the distribution and use of LNG, such as LNG storage, regasification, LNG fuel bunkering, LNG-fueled power solutions, next-generation mooring structures and cold storage applications.

“AG&P and GAS Entec can design and build out virtually all aspects of small- and mid-scale LNG distribution and use,” Altura said.

GAS Entec has designed and built a Floating Regasification Unit (FRU) operating successfully in Bali, Indonesia. In addition, GAS Entec engineered critical systems in the first LNG bunker vessel ever built in North America that will serve the port of Jacksonville, Florida.

AG&P’s Chairman, Jose Leviste, Jr., said, “The dramatically lower cost of LNG, coupled with the advent of new, affordable technologies such as those developed by GAS Entec have fostered a revolution in LNG applications. No longer is LNG-fueled power the exclusive domain of the largest utilities. It is also available to a generation of innovative developers, power companies, ship owners, fishing fleets and others in a way that LNG has not been before.”

“Built in AG& P’s modern manufacturing facilities or locally at shipyards throughout the world, the standardized and tailored products that AG& P and GAS Entec develop are available quickly and affordably. We are very excited to bring together AG&P’s construction, operations and maintenance expertise with the experience and great brain trust that exists within GAS Entec,” he added.

Kwak Chong-Ho, Chief Executive Officer of GAS Entec said. “We are privileged to join forces with AG& P. Together, we will deliver the full design, engineering, construction and assembly, including the integration of sub-components such as cargo handling and control systems for various small- and-mid scale LNG vessels. Operating as an integrated, one- stop-shop, we will bridge the critical gap in LNG distribution and its applications globally. We remain an engineering company that can work with any customer, but the partnership with AG&P allows certainty, speed and commercially reasonable terms for our customers.”