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    AG&P, Chart Industries Sign LNG MoU

Summary

The two companies will look to offer LNG applications and logistics solutions to provide easier and more affordable access to gas for new and under-served customers.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, Corporate, Import/Export, Investments, Infrastructure, News By Country, Philippines

AG&P, Chart Industries Sign LNG MoU

Manila-based Atlantic Gulf & Pacific Company (AG&P) has entered into a memorandum of understanding (MoU) with US-based Chart Industries to develop small-scale LNG infrastructure, it said August 23.

“Under the MoU, both companies will develop small-scale LNG infrastructure to serve the growing number of countries seeking to import and distribute natural gas. AG&P and Chart will serve the emerging markets’ increasing demand for LNG as a cleaner and cheaper alternative energy source for power generation, shipping fuel, ground transport and industrial use,” AG&P said.

The two companies will look to offer LNG applications and logistics solutions to provide easier and more affordable access to gas for new and under-served customers.

“We are privileged to work with Chart, one of the world’s leading single-source LNG equipment and solutions providers. This milestone agreement will enable us to work together to develop highly efficient, cost-competitive LNG infrastructure for the delivery of natural gas to customers that are currently unable to access this clean source of energy,” said Rachelle Goebel, senior vice president at AG&P.

The alliance will also support AG&P’s city gas distribution business in India where AG&P has won long-term, exclusive concessions in 28 districts across four states in South India and Rajasthan to supply compressed natural gas (CNG) to vehicles and piped natural gas (PNG) to homes, industries and businesses, AG&P said.

The MoU covers the design and development of LNG storage solutions; LNG regasification applications; modular liquefaction and regasification; LNG bunkering for marine vessels; LNG and CNG vehicle fuelling stations; LNG fuelled vehicle tanks; LNG micro bulk systems and other alternative LNG mobile transportation, such as railcars and ISO containers.