AG&P and Risco Energy sign JV to develop LNG supply chain in Indonesia

AG&P and Risco Energy sign JV to develop LNG supply chain in Indonesia

Atlantic, Gulf and Pacific Company (AG&P), a global player in infrastructure
solutions for energy, natural resources and other industrial companies, and
Risco Energy Group Pte. Ltd. (Risco), a leading energy investment company
focused on building out the LNG supply chain in Indonesia, have agreed to
set up a joint venture firm (JV) on LNG infrastructure in the country.

Under the deal, AG&P and Risco will design, manufacture, finance, charter or
lease, operate and maintain compact and mid-scale LNG terminals and the
supply chains that emanate from them, AG&P said in a statement.

The joint venture will cater to the distributed energy requirements of this
dynamic and fast-growing island nation across storage, transport,
regasification, power and full terminal solutions for Indonesia's coasts,
rivers and roads. AG&P and Risco together will serve the needs of the power,
bunkering, mining, transportation and industrial sectors.

The joint venture partners AG&P's capacity to develop the full LNG supply
chain for compact and mid-scale applications with Risco's deep expertise in
the Indonesian energy and power markets. Risco's downstream portfolio
augments last-mile capabilities via its fleet of LNG-carrying trucks as well
as with its credentials in converting heavy equipment to LNG as fuel.

In addition, AG&P will bring to the joint venture its ownership in Gas
Entec, the highly-regarded, Korea-based engineering firm specialized in
compact and mid-scale LNG design. AG&P, Gas Entec and Risco can design and
build for charter or lease all aspects of the LNG supply chain in-house.

"Together, Risco and AG&P will deploy the necessary elements to transport
LNG and see the delivery of gas to almost anywhere in Indonesia that serves
our end-user clients. Such a supply chain goes a long way to making possible
Indonesia's mandate to bring electrification to everyone as quickly as
possible. We are deeply honored to serve our beloved country," said Hari
Karyuliarto, Risco's Chairman.

"AG&P and Risco together deliver all aspects of a comprehensive, virtual LNG
pipeline capable of spanning the waters and roads of Indonesia. By making
distributed energy available, affordable and sustainable, we will transform
the lives of many people and continue Indonesia's path to clean fuels," said
Ken Sauer, Risco's Managing Director.

Said Yudistira A. Wibawa, AG&P's Indonesia Country Manager, "The AG&P and
Risco JV follows AG&P's recent launch of its line of its ultra-shallow draft
LNG carriers and shuttles which are optimized for Indonesia's shallow water
harbors, estuaries and rivers in, for example, Sumatra, Java and Kalimantan.
With Risco, we now bring to Indonesia an even greater sense of and ability
to make our terminal and supply chain solutions relevant for this tremendous
market. We are privileged to work with Risco and to serve Indonesia and its
exciting companies."

"Indonesia is undergoing a profound transformation as a leading-edge economy
in and a model for Southeast Asia. Risco, AG&P and Gas Entec working
together to bring clean LNG and/or gas will ensure that Indonesia continues
to enjoy a resilient, cost-effective and green future with innovative
technologies and products. We are humbled to play a part," Anupam Ahuja,
Senior Vice President of AG&P commented.

AG&P is an infrastructure solutions provider delivering modularized products
and support services to vessels, projects and plants. The company serves the
energy, natural resources and industrial sectors worldwide. It owns and
operate two industry-leading manufacturing facilities totalling over 150
hectares, each with a deep-sea port, 80km south of Manila in the
Philippines.

Risco is a privately-owned, leading energy investment company focusing on
the oil & gas sector. It provides energy infrastructure solutions to bring
commodities in Indonesia to market.

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Link to Original Article:
http://www.rambuenergy.com/2016/12/agp-and-risco-energy-sign-jv-to-deliver-e
nergy-across-indonesian-archipelago/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com