AG&P sells minority stake to Japanese investors for $100 million


AG&P sells minority stake to Japanese investors for $100 million

Japanese energy utility Osaka Gas Co. and the Japan Bank for International Cooperation (JBIC) have invested $100 million for a minority stake in AG&P, the manila-based firm that has recently obtained 12 city gas distribution licenses in India.

The funds will be used to execute AG&P’s multiple liquefied natural gas (LNG) initiatives worldwide, including the development and roll-out of city gas distribution business in India, and the proposed LNG terminal in Karaikal, Puducherry, AG&P said in a statement.

“In addition to providing growth capital, Osaka Gas will also work with AG&P in other areas, including technical support, such as providing technical collaboration for AG&P’s major city gas initiatives in India Read More

Leave a Reply

Your email address will not be published.