LNG Bunkering Among Proposed Projects as AG&P Makes "Major Investment" in Korean Firm

AG&P and GAS Entec will work together to provide a variety of onshore and floating products for the utilisation of LNG.

Philippines-based Atlantic, Gulf and Pacific Company (AG&P) Sunday announced it has made a "major investment" in Korean-based engineering and design firm GAS Entec Co., Ltd. (GAS Entec) that will see the two companies work together to provide a variety of onshore and floating liquefied natural gas (LNG) products, including LNG bunkering, storage, regasification, LNG-fueled power solutions, mooring structures, and storage applications.

"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," said Jose P Leviste, AG&P’s Chairman.

"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."

Leviste says the partnership between AG&P and GAS Entec will help to push the boundaries of the LNG industry.

GAS Entec is noted to have designed and built a Floating Regasification Unit (FRU) for operation in Bali, Indonesia, and has engineered systems for an LNG bunker vessel in the port of Jacksonville, Florida - the first such vessel to be built in North America.

AG&P is one of several firms looking to capitalise on an expected uptake of LNG bunkers in the coming years.

Others include Eagle LNG Partners LLC (Eagle LNG), who as Ship & Bunker reported in May, has begun construction on its "state-of-the-art" LNG plant in West Jacksonville, Florida, which will be ready to supply LNG bunkers to Crowley Maritime Corporation (Crowely) vessels by early 2017.