AG&P Expands Portfolio of Small Scale LNG Solutions
Singapore-based Atlantic Gulf and Pacific (AG&P) January 29 said it 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.
“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 affordable and smaller volumes to non-traditional and off-grid customers. Our unique technologies bring clean, affordable gas to isolated customers while giving suppliers access to new markets and revenue streams,” said Chong-Ho Kwak, CEO of Gas Entec during the Global LNG Bunkering Summit held in Amsterdam, Netherlands.
In the past year, AG&P and majority-owned GAS Entec have been awarded contracts for key LNG components of, among others Japan’s first LNG bunker vessel; Asia’s largest bunker vessel that will operate in Singapore; and multiple LNG carrier conversions to floating storage and regasification units (FSRUs) to be deployed in Africa and to power electricity grids in different markets.
“To meet the needs of project owners and investors, solutions must be scalable to minimize 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,” AG&P vice president for business development Nishant Sharma commented.
Anticipating these markets changes, in November 2019 AG&P acquired a minority stake in Norway-based Kanfer Shipping, adding a proprietary LNG articulated tug-barge to its suite of solutions. Kanfer has developed a small-scale approach for breaking LNG bulk cargoes using the patented detachable stern vessel design to create an advanced version of the commonly used ATB.
AG&P also said it is building a significant fleet of LNG tankers that deliver LNG from terminals to industrial, power, commercial and LNG/CNG stations, while also providing on-site equipment to its customers.