Nebula Energy LLC has acquired a majority stake in AG&P LNG, a key player in the liquefied natural gas (LNG) terminals and infrastructure sector, marking a significant step in the expansion of LNG networks in Asia, the company said in a statement.
AG&P LNG, with this new partnership, is set to enhance its LNG terminal and infrastructure footprint, operating as an independent subsidiary of Nebula Energy. The company has an extensive growth pipeline, including the development of six LNG terminals aimed at a combined capacity of 25 million tonnes per annum (MTPA). This includes the Philippines LNG (PHLNG) Import Terminal, the first LNG import and regasification terminal in the Philippines, located in Batangas Bay.
“The new equity will accelerate the deployment of the LNG infrastructure ecosystem for downstream markets,” said Karthik Sathyamoorthy, CEO of AG&P LNG, emphasizing the strategic significance of Nebula Energy’s investment in meeting the burgeoning LNG demand in South and Southeast Asia.
Peter Gibson, appointed as Chairman of Nebula Energy LLC, highlighted the partnership’s role in the evolving energy landscape. “This partnership comes at a time of a new cycle of LNG supply and growing demand for LNG in Asia markets,” he stated, stressing the importance of LNG in reducing carbon emissions and meeting energy needs in high-growth areas.
In addition to this strategic acquisition, Nebula Energy is establishing Nebula Energy Shipping for the ownership and operation of marine assets, further bolstering its capabilities in the LNG sector.
