AG&P is a global industrial infrastructure company that builds, owns, and operates infrastructure assets for the oil and gas, utilities and mining sectors; and Chart is a manufacturer of highly engineered equipment for the energy and industrial gas sectors.
Under their Memorandum of Understanding (MoU), their joint goal is to satisfy demand in the emerging market for cleaner and cheaper alternative energy sources for power generation, shipping fuel, ground transport and industrial use. Both companies will focus on developing LNG infrastructure for the global transport sector, including automotive, marine, bunkering, railways and other related industries, they said.
Beyond transport, the companies will continue to develop flexible, cost-optimized LNG applications and logistics solutions to provide easier and more affordable access to gas for new and under-served customers.
“We are privileged to work with Chart, one of the world’s leading single-source LNG equipment and solutions providers,” said Rachelle Goebel, senior vice president at AG&P. “This milestone agreement will enable us to work together to develop highly efficient, cost-competitive LNG infrastructure for the delivery of natural gas to customers that are currently unable to access this clean source of energy.
“The alliance will also support AG&P’s City Gas Distribution business in India, where AG&P has won long-term, exclusive concessions in 28 districts across four states in South India and Rajasthan to connect millions of people to compressed natural gas (CNG) through piped natural gas (PNG) directly into homes, vehicles, industries and businesses.”
The MoU covers the design and development of:
- LNG storage solutions
- LNG regasification applications
- Modular liquefaction and regasification
- LNG bunkering for marine vessels
- LNG and CNG vehicle fueling stations
- LNG-fueled vehicle tanks
- LNG micro bulk systems and other alternative LNG mobile transportation, such as railcars and ISO containers.