Philippines firm offers cheaper infra for LNG trade

Philippines firm offers cheaper infra for LNG trade

Engineering firm Atlantic, Gulf & Pacific Co. (AG&P) is developing
lower-cost, fast turnaround infrastructure that would help ease the delivery
of liquefied natural gas (LNG) to enterprises that are not connected to
existing pipelines.

The homegrown multinational firm said in a statement "modularization" would
help overcome hurdles to serving the rapidly growing power and civil
infrastructure sectors across the Philippines.

AG&P chair Jose P. Leviste Jr. said the firm would want the customer to
switch to cost-competitive LNG through its approach of combining
standardized design, manufacturing, financing and development for import
terminals, trucks and vessels for LNG transportation and other distribution
assets-all offered under one roof.

"The demand for LNG continues to grow both at home and worldwide as
countries seek to replace oil and coal with LNG as a cleaner and cheaper
fuel," he noted.

"However, uptake has been a challenge because of a lack of the requisite
infrastructure and investment to establish a viable supply chain," he added.

Leviste said AG&P intended to play an equally significant part in delivering
innovative solutions for the next phase of the country's growth and
development, with a focus on energy and industrial infrastructure.

AG&P said it has built 90 percent of the country's pre-war bridges and its
first lubricating oil refinery since starting in 1900.

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Link to Original Article:
http://business.inquirer.net/235520/ph-firm-offers-cheaper-infra-lng-trade

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com