PH 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.