AG&P LNG joins forces with Nebula Energy to expand downstream LNG networks in South and Southeast Asia

The world of liquefied natural gas (LNG) has witnessed a significant development as Nebula Energy LLC, a Florida-based firm specializing in LNG and carbon capture and storage (CCS) sectors, has acquired a majority stake in AG&P LNG (AG&P Terminals & Logistics Pte Ltd), a renowned player in LNG terminals and downstream infrastructure. This acquisition positions Nebula Energy as a pivotal force in the LNG sector, particularly in fast-growing Asian markets.

AG&P LNG, a subsidiary of AG&P Group, has its operational headquarters in the UAE and will continue to function as an independent entity under Nebula Energy’s umbrella. The company boasts a strong presence with key offices in the UAE, Singapore, India, Vietnam, and Indonesia. This strategic move comes with new leadership appointments: Peter Gibson as Chairman and Sam Abdalla as Vice Chairman. Karthik Sathyamoorthy will maintain his role as the CEO of AG&P LNG.

Karthik Sathyamoorthy, expressing his enthusiasm, remarked, “We are thrilled to welcome Nebula Energy as our main shareholder. The new equity will accelerate the deployment of the LNG infrastructure ecosystem for downstream markets.” This partnership signifies a notable step in meeting the growing need for cost-effective LNG supply solutions in South and Southeast Asia, with AG&P LNG positioned as a comprehensive source for market demand.

Peter Gibson, Chairman of Nebula Energy LLC, shared his vision, “We are excited to participate in the future of AG&P LNG and to expedite the roll-out of these vital clean energy networks.” He highlighted the importance of this partnership in reducing carbon emissions and meeting the increasing demand for LNG in Asian markets.

AG&P LNG is not just a leader in LNG and gas logistics but is also actively expanding its presence with a development pipeline of 6 LNG terminals and a proposed capacity of 25 MTPA across various international projects. Notably, AG&P LNG operates the Philippines LNG (PHLNG) Import Terminal, a first of its kind in the Philippines, located in Batangas Bay.

Nebula Energy, with its full integration in investment, development, shipping, and asset management, is dedicated to delivering resource solutions that reduce emissions and enhance energy infrastructure reliability. This approach is particularly valuable in developing countries, where Nebula Energy’s capital investment plays a crucial role in bridging the energy supply-demand gap.

The investment of US$300 Million by Nebula Energy in AG&P LNG underlines the firm’s commitment to fast-tracking LNG terminal development in South and Southeast Asia. This major American investment in AG&P LNG, part-owned by significant global players like Osaka Gas, JBIC, and Asiya, signals the growing importance of LNG in these regions.

This strategic acquisition by Nebula Energy LLC marks a significant milestone in the LNG sector. It not only accelerates AG&P LNG’s expansion but also aligns with global efforts towards a more sustainable and clean energy future. The collaboration between these two entities promises to bring about substantial advancements in LNG infrastructure, catering to the rapidly growing energy needs of South and Southeast Asia.

This move by Nebula Energy to acquire a majority stake in AG&P LNG is a testament to the burgeoning potential of the LNG market in Asia. It’s a forward-thinking strategy that combines Nebula’s investment prowess with AG&P’s technical and operational expertise. This partnership is set to create a robust infrastructure for LNG, which is increasingly becoming a preferred clean energy source. It’s a significant step towards meeting the rising energy demands in a sustainable manner, especially in regions that are pivotal for global energy transitions.