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UPDATE 1-LNG company AGP gets $100 mln investment from Osaka Gas, JBIC

Published 07/22/2019, 06:46 PM
Updated 07/22/2019, 06:50 PM
UPDATE 1-LNG company AGP gets $100 mln investment from Osaka Gas, JBIC
9532
-

(Adds details)
SINGAPORE, July 22 (Reuters) -
* Singapore-based AGP International Holdings Pte Ltd (AG&P)
said
on Monday it had sold a minority stake to Osaka Gas 9532.T and
Japan Bank for International Cooperation (JBIC) JBIC.UL 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


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