AG&P and Risco Energy sign Indonesian LNG supply chain JV

JAKARTA, Indonesia – Atlantic, Gulf and Pacific Company (AG&P) and Risco Energy Group Pte. Ltd., the energy investment company focused on building out the LNG supply chain in Indonesia, have announced a JV. AG&P and Risco will design, manufacture, finance, charter/lease, operate and maintain compact and mid-scale LNG terminals and the supply chains that emanate from them.

Photo Courtesy of AG&P.

The JV will cater to the distributed energy requirements of the island nation across storage, transport, regasification, power and full terminal solutions for Indonesia’s coasts, rivers and roads. AG&P and Risco together will serve the needs of the power, bunkering, mining, transportation and industrial sectors.

The JV partners AG&P’s capacity to develop the full LNG supply chain for compact and mid-scale applications with Risco’s expertise in the Indonesian energy and power markets. Risco’s downstream portfolio augments last-mile capabilities via its fleet of LNG-carrying trucks, as well as, with its credentials in converting heavy equipment to LNG as fuel.

In addition, AG&P will bring to the JV its ownership in Gas Entec, the Korea-based engineering firm specialized in compact and mid-scale LNG design.

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

“Together, Risco and AG&P will deploy the necessary elements to transport LNG and see the delivery of gas to almost anywhere in Indonesia that serves our end-user clients. Such a supply chain goes a long way to making possible Indonesia’s mandate to bring electrification to everyone as quickly as possible. We are deeply honored to serve our beloved country,” said Mr. Hari Karyuliarto, Risco’s Chairman.

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