Singapur (ots/PRNewswire) – Nebula Energy is investing $300 million in the AG&P LNG platform to accelerate the development of LNG terminals in emerging markets in South and Southeast Asia
- Nebula Energy LLC, an integrated investment, development and asset management company based in Florida, USA, is led by Peter Gibson, founder of Mas Energy and executive chairman and owner of Stellar Energy, Darren DeVore, managing partner, Broad Pine Investments, and Sam Abdalla, CEO of the company, supports
- The significant American investment in AG&P LNG, a subsidiary of the AG&P Group that includes Osaka Gas, JBIC (Japan Bank of International Cooperation) and Asiya, a Kuwaiti listed fund, is a sign of the rapidly growing importance of liquefied natural gas in the country South and Southeast Asia (S/SE)
- Investments to accelerate the expansion of the AG&P LNG platform and downstream infrastructure development portfolio in underserved and fast-growing S/SE markets
Leading LNG terminals and downstream infrastructure company, AG&P LNG (AG&P Terminals & Logistics Pte Ltd), a subsidiary of AG&P Group, today announced that Nebula Energy LLC, a fully integrated investment, development and asset management company focused on the liquefied natural gas (LNG) and carbon capture and storage (CCS) sectors, has acquired a majority stake in the company.
AG&P LNG is headquartered in the United Arab Emirates and will now operate as an independent subsidiary of Nebula Energy with key operations in the United Arab Emirates, Singapore, India, Vietnam and Indonesia. Peter Gibson has been appointed Chairman and Sam Abdalla Vice Chairman, while Karthik Sathyamoorthy will continue as CEO of AG&P LNG. AG&P LNG accelerates the deployment of downstream LNG infrastructure and logistics networks, bridging the gap between infrastructure/logistics and demand with its advanced, proprietary LNG technology and unique, leading LNG credentials to develop LNG facilities in fast-growing markets own and operate.
Karthik Sathyamoorthy, CEO of AG&P LNG, said: “We are delighted to welcome Nebula Energy as our majority shareholder. The new equity investment will accelerate the construction of the LNG infrastructure ecosystem for downstream markets by meeting the need for cost-effective LNG supply solutions enabled by Nebula Energy, combined with our compelling technical-economic solutions. With this partnership, AG&P LNG will be the only integrated source to rapidly address near-term market demand. We are excited to work with Nebula Energy to bring this clean energy quickly and safely to the people of South and Southeast Asia.”
Peter Gibson, Chairman of Nebula Energy LLC, said: “We are pleased to be part of the future of AG&P LNG and to accelerate the deployment and cost-effective supply of this important clean energy network, including LNG terminals, storage and transportation solutions to enable this fuel. This partnership comes at a time of a new cycle of LNG supply and increasing demand for LNG in Asian markets, where LNG is increasingly recognized as a critical fuel for deep reductions in carbon emissions. With AG&P LNG’s presence in high-growth regions, we look forward to rapidly tapping these demand centers and establishing reliable LNG supply sources to meet demand growth.”
He added: “In addition, we are pleased to announce that Nebula Energy is a shipping company, Nebula Energy Shipping, which will own and operate all shipping facilities. This company will provide efficient and safe transportation services to meet the growing demand of our LNG business.”
AG&P LNG has an extensive growth pipeline with a total of 6 LNG terminals under development with a planned capacity of 25 MTPA across multiple international growth projects. As part of its LNG terminal project portfolio, AG&P LNG is the operator of the first LNG import and regasification terminal in the Philippines, the Philippines LNG (PHLNG) Import Terminal in Batangas Bay.
Information about AG&P LNG
AG&P LNG is a global leader in the development and operation of LNG and gas logistics and distribution solutions. AG&P provides the infrastructure for safe and easy access to natural gas in new and growing markets. We act as an owner and service provider for the development, financing, planning, procurement, project management and construction of onshore and offshore gas infrastructure, connecting suppliers and downstream customers. visit www.agplng.com.
Information about Nebula Energy
Nebula Energy is a fully integrated investment, development, shipping and asset management company that provides creative and value-added solutions for utilities, private companies, cooperatives and municipalities to accelerate the transition to renewable energy.
Our projects provide significant social, environmental and economic benefits by reducing emissions and carbon footprints and improving the overall reliability of energy infrastructure. In developing countries, Nebula Energy provides the capital needed for comprehensive energy solutions for critical energy to bridge the gap between supply and demand. visit www.nebulaenergy.net.
Photo: https://mma.prnewswire.com/media/2330796/Philippines_LNG_PHLNG_Import_Terminal.jpg
Questions & Contact:
Sonali Negi Das,
SVP,
Weber Shandwick,
SNegiDas@webershandwick.com,
+91 (859) 504 7183,
Anupam Ahuja,
SVP,
Marketing,
AG&P,
anupam. ahuja@agpglobal.com,
+63 (998) 966 5444 DeLaine Mayer,
Director,
Public Relations,
Nebula Energy,
DMayer@nebulaenergy.net,
+1 (312) 320 4545