Indonesia: Risco Energy, AG&P team up to develop LNG terminals

Indonesia: Risco Energy, AG&P team up to develop LNG terminals

Jakarta-based energy investment company Risco Energy has signed an agreement
with the Philippines-based Atlantic, Gulf and Pacific Company (AG&P) to
establish a joint venture to develop small and medium liquefied natural gas
(LNG) terminals across Indonesia.

Those terminals will consist of storage and LNG regasification facilities
that will also be supported by an integrated transportation system so that
the joint venture can maintain an energy supply chain across the
archipelago.

The company is expected to lure clients, particularly from the energy sector
such as from the LNG bunkering stations and various mining companies.

"Risco and AG&P will utilize all of our resources to distribute LNG to
almost every corner of Indonesia in a bid to optimize our services for the
end-user clients. Such a comprehensive supply chain is expected to help
increase people's access to electricity, especially for the ones in remote
areas," Risco chairman Hari Karyuliarto said on Tuesday.

Indonesia is currently pursuing an ambitious project to construct power
plants to generate an additional 35,000 megawatts (MW) of electricity for
the country and some of the plants are to be fueled by gas. The hope is to
increase the national electrification ratio to 97 percent by 2019, as well
as to meet the continuously increasing demand for electricity from household
and industrial customers.

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Link to Original Article:
http://www.thejakartapost.com/news/2017/01/03/risco-energy-agp-team-up-to-de
velop-lng-terminals.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com