AG&P makes strategic equity investment in Kanfer

KUALA LUMPUR, Nov 15 -- Atlantic Gulf & Pacific (AG&P), the global downstream gas and LNG logistics company, has made a strategic equity investment in Kanfer Shipping (Kanfer).

Kanfer is an innovative Norway-based developer of small-scale LNG sea transportation, maritime break-bulk solutions, floating storage facilities as well as LNG bunkering.

Together, Kanfer and AG&P will make LNG more accessible and commercially viable for downstream customers in new and growing natural gas markets, according to a statement.

“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,” said AG&P LNG Terminals and Logistics president, Karthik Sathyamoorthy.

Meanwhile, AG&P director, Jose P. Ibazeta said: “Kanfer’s expertise complements and expands our passion for an integrated approach to LNG logistics and will enable us to reach new customers in Southeast Asia, the Caribbean and beyond.

AG&P, Kanfer and partners will offer project owners and customers a fully integrated solution including LNG supply, large-scale LNG transportation and Floating Storage as well as small-scale LNG shipping for downstream distribution.

More information at http://www.agpglobal.com.

-- BERNAMA