Atlantic Gulf and Pacific Company of Manila (AG&P) has sold a minority stake to Osaka Gas and the Japan Bank for International Cooperation (JBIC) for $100 million.
The funds will be put toward multiple global LNG projects worldwide, including gas distribution and LNG import terminal projects in India, according to Energyworld. The company will also reportedly look to invest in LNG applications and logistics, as well as modularization and field construction services.
Osaka Gas will provide growth capital and work with AG&P in other areas, including technical support for its or major city gas initiatives in India, according to Katz Sato, head of south and east Asia business development for Osaka Gas.
