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Risco Energy, AG&P team up to develop LNG terminals
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Environmentally friendly – Two gas company workers check pipelines that channel gas to a PT Indonesia Power generator at a gas metering station in Tambak Lorok, Semarang, Central Java. Jakarta-based energy investment company Risco Energy has signed an agreement with Philippines-based Atlantic, Gulf and Pacific Company (AG&P) to establish a joint venture to develop small and medium liquefied natural gas (LNG) terminals across Indonesia. (JP/Suherdjoko)
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akarta-based energy investment company Risco Energy has signed an agreement with the Philippines-based Atlantic, Gulf and Pacific Company (AG&P) to establish a joint venture to develop small and medium liquefied natural gas (LNG) terminals across Indonesia.
Those terminals will consist of storage and LNG regasification facilities that will also be supported by an integrated transportation system so that the joint venture can maintain an energy supply chain across the archipelago.
The company is expected to lure clients, particularly from the energy sector such as from the LNG bunkering stations and various mining companies.
“Risco and AG&P will utilize all of our resources to distribute LNG to almost every corner of Indonesia in a bid to optimize our services for the end-user clients. Such a comprehensive supply chain is expected to help increase people’s access to electricity, especially for the ones in remote areas,” Risco chairman Hari Karyuliarto said on Tuesday.
Indonesia is currently pursuing an ambitious project to construct power plants to generate an additional 35,000 megawatts (MW) of electricity for the country and some of the plants are to be fueled by gas. The hope is to increase the national electrification ratio to 97 percent by 2019, as well as to meet the continuously increasing demand for electricity from household and industrial customers. (ren)
