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PH firm introduces new ways to bring down LNG project costs

/ 05:13 AM September 24, 2018

Homegrown global engineering firm Atlantic, Gulf and Pacific Co. (AG&P) has unveiled two new proprietary technologies to lower the costs of liquefied natural gas (LNG) projects and enable the configuration of hybrid LNG terminals.

AG&P announced its two new proprietary standardized modular regasification technologies at the Gastech 2018 industry forum held last week in Spain.

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The company said in a statement these new technologies would meet the needs of a wider range of small- and mid-scale customers for greater flexibility, increased efficiencies and improved emissions.

Nancy Ballout, AG&P vice president for process engineering and operations, said in a statement the use in regasification modules of the new technologies would help provide commercially compelling solutions and therefore options for customers to access gas.

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“These two new technologies complement AG&P’s water-glycol shell and tube standard technology for regasification modules, which was introduced in 2017,” Ballout said.

“All three technologies use the right combination of onshore and offshore assets, that can be scaled to meet current demand with the flexibility to expand to match future growth and investment,” she added.

The three technologies will be deployed at AG&P’s LNG import terminal at Karaikal Port in India and at two facilities currently under development in Latin America.

Based in the Philippines, AG&P also has local teams across Southeast Asia, North Asia, Australia, North America, Latin America and the Arab states of the Persian Gulf.

Started in 1900, AG&P said it built 90 percent of the country’s pre-war bridges and the first lubricating oil refinery in the Philippines.

Earlier, AG&P chair Jose Leviste said the firm 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.

Currently, AG&P delivers LNG or gas directly to customers that include large and small power plants, fertilizer plants, refining and petrochemical facilities, transportation fleets, cement and glass companies and ship bunkering operations.

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TAGS: Atlantic, Business, Gulf and Pacific Co. (AG&P)
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