Published
October 29, 2016, 10:00 PM By Myrna M. Velasco
Filipino firm Atlantic,
Gulf and Pacific Company (AG&P) will be building its first small-scale
liquefied natural gas carrier (LNGC) to serve the needs of customers along
shallow rivers and restricted harbors.
This was announced by
Derek Thomas, the company’s head of Advanced Research Unit, at the annual Gas
Asia Summit in Singapore, stressing that AG&P “will finance and build the
400 to 800-cubic meter LNGC in 16 months.”
He added the LNG vessel
will be made available “for sale or lease, making it immediately financially
feasible for new developers of LNG-related projects.”
The company said “the
LNGC will serve as a ‘work horse’ for near shore LNG milk-run deliveries,”
primarily to locations with limited access including those with low-depth
bodies of water.
In particular, the
vessel is targeted for off-grid areas, like the Small Power Utilities Group
(SPUG) domain of the National Power Corporation (NPC) in the Philippines and
similarly-situated markets.
Thomas reiterated the
LNGC is “ideal transportation solution for archipelagic countries, such as the
Philippines, where some regions remain either inaccessible or too small to be
feasibly served by the current power supply model.”
He explained further
“LNG can be break-bulked,” meaning, the bigger LNG cargoes can be shipped into
smaller quantities or volumes using vessels or tankers that fit the variety of
customer needs.
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