AG&P to introduce virtual LNG pipeline in Southeast Asia
Published by David Rowlands,
Editor
LNG Industry,
Atlantic, Gulf and Pacific Co. (AG&P) has announced that it will introduce a virtual LNG pipeline in order to help bridge the capacity demands for power in Southeast Asia.
Speaking at the fourth annual Power and Electricity Philippines conference in Manila, Albert Altura, the President of AG&P, said: “There is considerable opportunity for LNG to become a major energy source in the region, particularly for ‘stranded’ markets that are either inaccessible or too small to be feasibly served by the current power supply model. AG&P has both the technical leadership and expertise to deliver affordable, de-centralised clean power solution across Philippines.
“Our virtual LNG pipeline comprises a network of smaller-scale economical delivery systems including vessels, regasification terminals and smaller power plants. These customised LNG solutions accelerate construction, require less up front investment and offer faster and broader delivery. We are already seeing considerable demand for these products and anticipate this continuing in the next few years.”
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/regasification/22072016/agp-to-introduce-virtual-lng-pipeline-in-southeast-asia-2802/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.