• 04 Nov 2016

Atlantic, Gulf and Pacific Company (AG&P) has announced the launch of its ultra-shallow draft  LNG carrier (LNGC), capable of accessing rivers and shallow harbors with a draft of only two meters. Conceived by AG&P, the first-of-its-kind vessel for the small-scale LNG infrastructure industry in Southeast Asia. According to the company, the vessel cargo capacity is easily scalable from 4,000 to 8,000 cubic meter with flexibility to travel near shore or take on LNG cargo from a floating storage unit (FSU) anchored offshore. It can navigate open seas as well as riverine waterways without the need of tug assistance. Speaking at the 4th Annual Gas Asia Summit in Singapore, Mr. Derek Thomas, Head of AG&P’s Advanced Research Unit, said, “LNG can be break-bulked – breaking larger LNG cargoes into smaller shipments – and transported in small volumes over short distances using coastal tankers, specialized trucks and trains to a variety of customers. The availability of a smaller scale delivery network through break-building has enabled both distributed power generation and a variety of industrial applications in various manufacturing and processing facilities. Our new scalable LNGC is a plug-and-play customisable supply solution that requires lower capital cost making LNG more accessible and economically viable for small or developing LNG import markets.” AG&P will finance and build the LNGC in 16 months at its world-class manufacturing facility in the Philippines. The vessel will be available for sale or lease, making it immediately financially feasible for new developers of LNG related projects. Source: LNG World News http://www.lngworldnews.com/agp-launches-new-small-scale-lng-carrier-design/