AG&P City Gas Gains US$120 Million Equity Investment From Preeminent Japanese Consortium Osaka Gas And JOIN

SINGAPORE, Dec 20 (Bernama-BUSINESS WIRE) — Atlantic, Gulf & Pacific International Holdings (AG&P), a leading downstream LNG platform and infrastructure development company, announced today that Osaka Gas Co. Ltd., through its affiliate Osaka Gas Singapore Pte. Ltd. and JOIN (Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development), have reinforced their commitment to AG&P by investing up to $120 million in AG&P CGD HoldCo SPV3 (Singapore) Pte. Ltd. (AG&P City Gas), a Singapore-based company that is developing twelve city gas distribution networks, or concessions, in India under the brand name AG&P Pratham.

The new equity will be used to continue to execute AG&P City Gas’s build-out of its 12 exclusive concessions in South India and Rajasthan. The AG&P network is expanding every day to reach millions of people with clean fuel, including compressed natural gas (CNG) for their vehicles and piped natural gas (PNG) in their homes as well as provide fuel for large and small industrial and commercial customers.

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