By Myrna M. Velasco
Manila-based Atlantic Gulf & Pacific Company (AG&P) has inked a memorandum of understanding (MOU) with US firm Chart Industries, Inc. on the development of small-scale solutions for the flourishing liquefied natural gas (LNG) sector.
In a statement to the media, AG&P noted that this tie-up with Chart Industries targets to cater to the need for technology solutions of countries that are eyeing to import and distribute natural gas to end-users.
“AG&P and Chart will serve the emerging markets’ increasing demand for LNG as a cleaner and cheaper alternative energy source for power generation, shipping fuel, ground transport and industrial use,” the Philippine-based company said.
AG&P, which has equity holders from various foreign firms of global investments stature, indicated that the partnership with Chart Industries is what it considers a “milestone agreement” – and one that underpins solutions even to communities that had not been afforded energy access and services in the past.
The MOU in particular calls for the design and development of: LNG storage solutions and regasification applications; modular liquefaction and regasification; LNG bunkering for marine vessels; LNG and compressed natural gas (CNG) vehicle fueling stations; LNG-fueled vehicle tanks; and LNG micro bulk systems and other alternative LNG mobile transportation, such as railcars and ISO containers.
Chart Industries is into designing and manufacturing highly engineered cryogenic equipment that is being deployed and applied across the gas sector’s value chain.
“Both companies will focus on developing LNG infrastructure for the global transport sector, including automotive, marine, bunkering, railways and other related industries,” AG&P said.
Further, the company emphasized that this will support AG&P’s gas distribution business in India, which is one of the company’s core markets at present.
As noted by AG&P Senior Vice President Rachelle Goebel, the company “has won long-term exclusive concessions in 28 districts across four states in South India and Rajasthan to connect millions of people to compressed natural gas – through piped natural gas directly into homes, vehicles, industries and businesses.”
On the development of integrated solutions by these two companies, it was emphasized that they would also be able to widen their offers of solutions.
“Beyond transport, the companies will continue to develop flexible, cost-optimized LNG applications and logistics solutions to provide easier and more affordable access to gas for new and un-served customers,”