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Business 01 · Energy

LNG & LPG Energy: infrastructure and cash flow

A planned model that combines long-life infrastructure assets (LNG) with distribution that generates recurring cash flow (LPG), with the aim of stable and sustainable growth.

Long-term contractsInternational standardsEnergy transition

Gas storage and distribution

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Planned infrastructure

LNG

Strategic infrastructure

LNG is the long-term infrastructure pillar of the AGRIGOODS strategy. LNG projects are to be structured against the project finance criteria typically applied by international institutions such as IFC, ADB and AIIB.

The Group's planned LNG value chain
Segment
Import terminal and storage
Scope
Investment in an industrial-scale LNG import terminal
Role
Core infrastructure asset
Segment
Regasification
Scope
Regasification serving industrial clusters
Role
Long-term revenue
Segment
LNG trucking
Scope
A dedicated cryogenic truck fleet serving customers beyond the pipeline network
Role
Market expansion
Segment
Industrial supply contracts
Scope
Targeting 10–⁠20-year gas supply contracts with large manufacturers
Role
Stable take-or-pay cash flow
Strategic role

High-value infrastructure with predictable cash flow — the asset class that infrastructure funds and development finance institutions prioritise.

Environmental impact

LNG is a transition fuel that can replace coal and fuel oil in industry with significantly lower CO₂ emissions. This direction has been developed with reference to the ASEAN Taxonomy for Sustainable Finance.

LPG

Cash flow and scale

LPG is intended to generate recurring cash flow that supports borrowing capacity and strengthens enterprise value.

Planned LPG distribution model
01

Import and storage

Large-scale LPG storage at key demand centres.

02

Cylinder distribution network

A wide network of dealers and distribution channels.

03

Business supply

Long-term contracts with manufacturing, food service and commercial customers.

Strategic role
  • Aims to provide stable cash flow that helps fund LNG projects.
  • Seeks to protect margins through distribution density and logistics capability.
  • Business customers using LPG can move to LNG as their energy needs grow.
Spaces & infrastructure · Illustrations

LPG Filling Station — Illustrative Image

LPG Filling Station

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LPG storage tanks

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Cylinder filling area

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Cylinder warehouse

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Logistics area

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Integrated model

Stable, scalable and sustainable

LNG and LPG are designed to complement each other rather than operate in isolation.

LNG
Infrastructure asset
Long-term enterprise value
LPG
Cash flow and scale
Growth and debt-servicing capacity
Outcome
Stable — Scalable — Sustainable
“Combining the stability of long-term infrastructure with the scalability of operating cash flow is the model that infrastructure investors look for.”
Customers

Target customers

Industrial parks

Gas supply for manufacturing clusters

Manufacturers

Fuel for boilers and kilns

Commercial users

Hotels, restaurants and services

Fuel switching

Replacing coal and oil with gas

Explore the Group's carbon credit and ESG direction

Our Businesses

Other businesses

Overview of our five businesses

Carbon Credits & ESG

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Sustainability
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Biomass & Biochar

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Circular economy
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Logistics

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Supply chain
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Agriculture & Export

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International trade
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