{"id":283936,"date":"2019-07-23T06:11:28","date_gmt":"2019-07-23T06:11:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283936"},"modified":"2019-07-23T06:12:16","modified_gmt":"2019-07-23T06:12:16","slug":"agp-sells-minority-stake-to-japanese-investors-for-100-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/agp-sells-minority-stake-to-japanese-investors-for-100-million\/","title":{"rendered":"AG&amp;P sells minority stake to Japanese investors for $100 million"},"content":{"rendered":"<p>NEW DELHI: Japanese energy utility Osaka Gas Co. and the Japan Bank for International Cooperation (JBIC) have invested $100 million for a minority stake in AG&amp;P, the manila-based firm that has recently obtained 12 city gas distribution licenses in India. <\/p>\n<p>The funds will be used to execute AG&amp;P\u2019s 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&amp;P said in a statement. <\/p>\n<p>\u201cIn addition to providing growth capital, Osaka Gas will also work with AG&amp;P in other areas, including technical support, such as providing technical collaboration for AG&amp;P\u2019s major city gas initiatives in India where AG&amp;P<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Japanese energy utility Osaka Gas Co. and the Japan Bank for International Cooperation (JBIC) have invested $100 million for a minority stake in AG&amp;P, the manila-based firm that has recently obtained 12 city gas distribution licenses in India. The funds will be used to execute AG&amp;P\u2019s 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&amp;P said in a statement. \u201cIn addition to providing growth capital, Osaka Gas will also work with AG&amp;P in other areas, including technical support, such [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-283936","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283936"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283936\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}