Philippines-based gas logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Kanfer Shipping, a Norway-based developer of small-scale LNG sea transportation, maritime breakbulk solutions, floating storage facilities as well as LNG bunkering.
Through the investment, AG&P will jointly develop the commercial viability of LNG for downstream customers.
Kanfer offers a small-scale LNG solution with its patented detachable stern vessel (DSV) design to create an advanced version of the commonly used articulated tug barge (ATB). The DSV transports LNG to and from an FSU, FSRU or land-based LNG terminals via a small and manoeuvrable barge that brings LNG to drop-points up rivers and along coasts.
The two companies will offer project owners and customers a fully integrated solution comprising LNG supply, LNG transportation, FSU as well as onshore logistics.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to break-bulk LNG affordably. Kanfer’s designs unlock these new markets and solve a critical gap in the LNG supply chain for nascent and growing markets. We are thus delighted to bring Kanfer Shipping into AG&P’s group of companies,” said Karthik Sathyamoorthy, president of LNG Terminals and Logistics at AG&P.
“We have worked long and hard at Kanfer to find a real solution to the LNG virtual pipeline – one that stands on its commercial and technical merits. Now, we are honored to be partnered with AG&P, a global trailblazer in LNG solutions and gas logistics. Together, we will reduce the cost of LNG infrastructure through Kanfer’s innovative solutions and provide a more robust solution to improve availability and accessibility. I am very excited about the possibilities,” said Stig Anders Hagen, managing partner at Kanfer Shipping.
Earlier this year, Kanfer Shipping started an cooperation with ADNOC Shipping & Logistics in the small-scale LNG segment and Japan’s INPEX has since joined the cooperation.