AG&P expands low CAPEX solutions
Published by Jessica Casey,
Editor
Hydrocarbon Engineering,
Atlantic Gulf and Pacific (AG&P) is expanding its portfolio of proprietary technologies for small-scale bunker vessels and LNG-to-power barges in response to the growing global demand for cleaner and cheaper fuel.
In the past year, AG&P and majority-owned GAS Entec have been awarded contracts for key LNG components of, among others (i) Japan’s first LNG bunker vessel, (ii) Asia’s largest bunker vessel that will operate in Singapore, and (iii) multiple LNG carrier conversions to FSRUs to be deployed in Africa and to power electricity grids in different markets.
During the Global LNG Bunkering Summit, Chong-Ho Kwak, CEO of Gas Entec said: “AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to import and distribute LNG in an affordable and smaller volumes to non-traditional and off-grid customers. Its unique technologies bring isolated consumers clean, affordable gas, while giving suppliers access to new markets and revenue streams.”
Mr Kwak added: “The integrated, low CAPEX solutions drive down LNG equipment and transport costs, which not only reduce overall project costs, but which also has the potential to lower the delivered cost of LNG per 1 million Btu for the customer.”
AG&P Vice President for Business Development Nishant Sharma commented: “To meet the needs of project owners and investors, solutions must be scalable to minimise surplus capacity and enable investment to match market growth. To sustain demand creation, producers of LNG must also be able to access smaller and more dispersed categories of consumers, bypassing the major intermediaries.”
The shallow-draft vessel developed by Norway-based Kanfer Shipping (in which AG&P has a minority stake) can efficiently transport LNG to and from an FSU, FSRU, LNG carrier or land-based LNG terminals, and deliver LNG to drop-points on islands, up rivers, along coasts and to remote areas with limited infrastructure. This provides a cost-effective and flexible alternative to capital-intensive onshore LNG facilities, enabling small, large and inaccessible customers to have reliable and affordable access to natural gas.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/29012020/agp-expands-low-capex-solutions/
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