LNG company gets $100M investment from Osaka Gas

7/23/2019

Singapore-based AGP International Holdings Pte Ltd (AG&P) said it had sold a minority stake to Osaka Gas and Japan Bank for International Cooperation (JBIC) for $100 million

The funds will be invested in AG&P’s city gas distribution and liquefied natural gas (LNG) import terminals in countries such as India, the company, part of the Philippines’ infrastructure group AG&P, said in a statement.

“AG&P is aggressively developing LNG and gas related projects in LNG emerging markets including the ones in Southeast Asia,” the company said

The deal will enable Osaka Gas to expand its LNG businesses in emerging markets with AG&P, the companies said.

(Reporting by Florence Tan and Jessica Jaganathan)