PR96427

SINGAPORE, June 09, 2022 /PRNewswire=KYODO JBN/ --

    Atlantic, Gulf & Pacific International Holdings (AG&P), a leading

downstream LNG platform and industrial company, has been adjudged as the APAC

Company of the Year for 2022 in the LNG category by Energy Council. The Energy

Council's Annual Awards of Excellence represents a global benchmark of

excellence for the oil & gas and natural gas / LNG sectors. AG&P was recognised

and honoured 'for being at the forefront of value creation, innovation and

exceptional performance' over the last 12 months.

    Mr. Joseph Sigelman, Chairman & CEO, AG&P Group, said, "AG&P cherishes this

distinguished award from the Energy Council.  After years of anticipation, we

find ourselves in a revolutionary transformation of energy. There is a great

increase in LNG export coming in the next years and there is clear demand from

industry, power and home and vehicle owners who want clean, competitive fuel.  

AG&P's mission is to bridge the coming surge in gas supply with the customers

who need it, by providing fast, standardized infrastructure and logistics.

    This award recognizes the hard work that our team has invested to develop

the terminals and city gas networks that we have already rolled out and are

forthcoming across South and Southeast Asia and beyond.  We are proud of our

strategy of ensuring that people and industry have the choice of a fuel that

will help them prioritize the environment and reduce overall costs at the same

time.  We profoundly thank the Energy Council for focusing on this important

area."

    AG&P is leading the transition to clean energy through its advanced

technological energy solutions. AG&P develops LNG ecosystems that unlocks

underserved/ unserved markets by delivering customised design powered by

innovative standardized plug-and-play products that are commercially compelling

and allow for rapid adoption of natural gas.

    In May 2022, AG&P's subsidiary GAS Entec completed the conversion of a

125,000m³ LNG carrier (LNGC) for KARMOL, a joint-venture between Turkey's

Karpowership and Japan's Mitsui OSK Lines (MOL), into the world's first Modular

Floating Storage and Regasification Unit (M-FSRU). The M-FSRU was built with

Gas Entec's standard, modular RegasTainer® technology to deliver gas to

Karpowership's 236 MW Floating Power Barge in Senegal, the first country in

West Africa to transition to clean gas energy.

    This year, AG&P will also commission the first LNG import and

regasification terminal in Batangas Bay, called the Philippines LNG (PHLNG) to

supply gas to one of the largest power producers in the country. In addition,

PHLNG will store LNG and dispatch natural gas to power industrial and

commercial customers and other consumers, opening up for the country a new era

of clean, efficient fuel. In India, AG&P is the largest foreign player with a

CGD portfolio that includes 12 concessions, covering 28 districts across 8% of

India and ~80 MM people.

    About AG&P

    Atlantic Gulf & Pacific (AG&P) is a global leader in developing and running

LNG and gas logistics and distribution solutions. AG&P provides the

infrastructure to access natural gas safely and easily in new and growing

markets. We act as an owner and as a service provider covering the development,

financing, engineering, procurement, project management and construction for

onshore and offshore gas infrastructure, linking suppliers to downstream

customers. www.agpglobal.com

    Photo: https://mma.prnewswire.com/media/1836165/Joe_Sigelman_AG_P.jpg

    Source - 'AG&P'