AG&P, Risco form Joint Venture to Work in Mini LNG Sector

AG&P and Risco Energy Group have announced a joint venture to work in the field of compact and mid-scale LNG terminals and the related supply chains in Indonesia.

The joint venture will cater to the distributed energy requirements of the southeast Asian nation across storage, transport, regasification, power and full terminal solutions for Indonesia’s coasts, rivers and roads. AG&P and Risco together will serve the needs of the power, bunkering, mining, transportation and industrial sectors, AG&P said December 13 adding Risco’s downstream portfolio augments last-mile capabilities via its fleet of LNG-carrying trucks as well as with its credentials in converting heavy equipment to LNG as fuel.

“Together, Risco and AG&P will deploy the necessary elements to transport LNG and see the delivery of gas to almost anywhere in Indonesia that serves our end-user clients. Such a supply chain goes a long way to making possible Indonesia’s mandate to bring electrification to everyone as quickly as possible. We are deeply honoured to serve our beloved country,” said Hari Karyuliarto, Risco’s chairman.

AG&P will bring to the joint venture its ownership in Korean Gas Entec, an engineering firm specialised in compact and mid-scale LNG design. 

“The AG&P and Risco JV follows AG&P’s recent launch of its line of its ultra-shallow draft LNG carriers and shuttles which are optimised for Indonesia’s shallow water harbors, estuaries and rivers in, for example, Sumatra, Java and Kalimantan. With Risco, we now bring to Indonesia an even greater sense of and ability to make our terminal and supply chain solutions relevant for this tremendous market. We are privileged to work with Risco and to serve Indonesia and its exciting companies,” Yudistira A. Wibawa, AG&P’s Indonesia Country Manager. 

Shardul Sharma