The invention is a fluid handling process whereby a submerged pulsating low-pressure gas displacement pump is assisted by an inverted hydrostatic standpipe for the purpose of transporting ambient pressure liquid and gas. An apparatus with no moving parts pumps and transports gas and liquid at near-ambient pressure as a mixed medium by means of subtle design-induced pressure differentials within the inverted hydrostatic standpipe, siphon, pump chamber and riser, enabling conveyance over extended distances and inclined planes.