AG&P Invests in Small- and Mid-Scale LNG Infrastructure Company
Atlantic, Gulf and Pacific Company (AG&P), a global leader in infrastructure solutions for energy, natural resources and other industrial companies, has announced a major investment in GAS Entec, Korea-based engineering and design firm dedicated to small- and mid-scale LNG applications.
Together, AG&P and GAS Entec provide onshore and floating products for the distribution and use of LNG, such as LNG storage, regasification, LNG fuel bunkering, LNG power solutions, mooring structures and cold storage applications.
GAS Entec has designed and built a Floating Regasification Unit (FRU) operating successfully in Bali, Indonesia. GAS Entec also engineered critical systems in the first LNG bunker vessel ever built in North America that will serve the port of Jacksonville, Florida.
“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 Jr., AG&P’s Chairman. “This equity partnership between AG&P and GAS Entec will contribute strongly to pushing the boundaries of this new, revolutionary industry.”