Regional LNG; GTT, AG&P sign licensing agreement

Gaztransport & Technigaz (GTT ), an engineering company specialized in the design of membrane containment systems for the transportation and storage of liquefied gases, announced Wednesday the signing of a Technical Assistance and License Agreement (TALA) with Atlantic, Gulf and Pacific Company (AP&G), a leading provider of modular industrial delivery solutions,for the construction of membrane systems for onshore tanks, LNG bunkering infrastructure, LNG carriers and other LNG-related GTT systems.

GTT said in a statement the two companies signed the agreement during the 18th International Conference and Exhibition on Liquefied Natural Gas (LNG 18) in Perth, Australia which will make AG&P only the third company in the world to be certified as licensed outfitter (installer subcontractor) to utilise GTT's technologies.

The partnership will enable GTT and AG&P to offer customers across the LNG supply chain proprietary solutions to meet their specific requirements with faster delivery times at significantly lower over all costs. Using GTT's innovative technologies, AG&P will be able to drive down costs on all membrane containment systems by completely standardizing membrane storage systems installation, thereby maximising efficiencies.

The agreement follows AG&P's successful completion of GTT's rigorous qualification program which included employee training and AG&P proving its ability to build membrane containment systems to the highest international standards.

GTT and AG&P will work on the construction and development of the supply chain related to small-scale LNG. This will allow fortimely and efficient delivery to remote areas around the world. One such market is Southeast Asia where LNG is increasingly being used for power generation.With GTT as partner, AG&P will offer complete solutions to gas project developers for both onshore and offshore storage in addition to LNG transportation through small LNG carriers or barges.

"This licensing agreement will enable AG&P to push LNG distribution into markets where there is currently a huge need for cleaner,more efficient and lower cost energy sources," said Jose Leviste Jr,Chairman of AG&P. "The real benefit of these smaller packaged modular LNG solutions is that millions of people in countries around the world from Indonesia to the Caribbean to my homeland in the Philippines and beyond will for the first time have access to higher quality, sustainable and affordable LNG-driven power", he added.

Editing by Reiner Simanjuntak