Published April 5, 2017, 10:01 PM By Myrna M. Velasco
Filipino firm AG&P will bring in to market its plug-and-play solutions for the growing liquefied natural gas (LNG) industry.
The company said it will have these packages of solutions built at its planned 150-hectare manufacturing facility in Batangas.
In the end, the company noted that such modular-designed devices would be able to “drive down costs, accelerate delivery schedule and enable last-mile supply to LNG demand centers.”
AG&P said it is targeting deployment of such solutions to key markets such as Southeast Asia, South Asia and the Caribbean.
It noted that these designs are beneficial on: scalable LNG delivery platform or vessel; and on modular regasification unit.
According to AG&P President Albert Altura, “standardization and modular solutions will be the circuit-breaker that will bring projects online.”
He added such developments would enable “the switch to LNG as a clean and affordable energy source.”
The Philippines is still treading its way into LNG platform for its power industry – but this is seen getting more relevant with the much-anticipated depletion of gas reserves at the Malampaya field by 2024.
The government, however, is still exploring suitable regulatory and policy frameworks that will ensure the viability of LNG into the country’s energy future.
Even the design of facilities that could perfectly fit the country’s gas market needs is still under serious consideration by energy planners and policy framers.