AG&P expands portfolio of LNG solutions

Over the past year, AG&P and majority-owned GAS Entec have won 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.

Chong-Ho Kwak, CEO of Gas Entec during the Global LNG Bunkering Summit held in Amsterdam, Netherlands, said: “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 an affordable and smaller volumes to non-traditional and off-grid customers. Our unique technologies bring isolated consumers clean, affordable gas, while giving suppliers access to new markets and revenue streams.

“Our integrated, low CAPEX solutions drive down LNG equipment and transport costs, which not only reduce overall project costs, but has the potential to lower the delivered cost of LNG per MMBTU for the customer.”

AG&P Vice President for Business Development, Nishant Sharma, added: “To meet the needs of project owners and investors, solutions must be scalable to minimise 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.”

In anticipation of these market changes, in November last year, AG&P claims that it acquired a minority stake in Kanfer Shipping, adding a state-of-the-art, proprietary LNG articulated tug barge (ATB) to its portfolio of cost-optimised solutions. Kanfer has developed a small scale approach for breaking LNG bulk cargoes using the patented Detachable Stern Vessel© (DSV) design to create an advanced version of the commonly used ATB.

The shallow-draft vessel is capable of efficiently transporting LNG to and from floating storage units (FSU), FSRUs, LNG carriers or land-based LNG terminals, and delivering LNG to drop-points on islands, up rivers, along coasts and to remote areas with limited infrastructure. This provides a cost-effective and flexible alternative to capital-intensive onshore LNG facilities, enabling small, large and inaccessible customers to have reliable and affordable access to natural gas.

In addition to this, AG&P claims that it is developing 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.

Read the article online at: https://www.lngindustry.com/small-scale-lng/29012020/agp-expands-portfolio-of-lng-solutions/