AG&P, Risco Energy form LNG JV

Atlantic, Gulf and Pacific Company (AG&P) formed a joint venture with Risco Energy Group, an energy investment company, targeting the development of mid-scale liquefied natural gas terminals in Indonesia.

The two companies plan to design, manufacture, finance, charter/lease, operate and maintain the facilities as well as the related supply chains, AG&P said in its statement on Monday.

The joint venture will cater to the Indonesia’s distributed energy requirements across storage, transport, regasification, power for full terminal solutions for Indonesia’s coasts, rivers and roads, according to the statement.

The joint venture is looking to serve the power, bunkering, mining, transportation and industrial sectors.

In addition to Risco’s downstream portfolio, which includes a fleet of LNG-trucks, AG&P will bring its ownership in Gas Entec, Korea-based LNG engineer, to the joint venture.

“AG&P, Gas Entec and Risco can design and build for charter or lease all aspects of the LNG supply chain in-house,” AG&P said.