Florida-based investment, development, and asset management company Nebula Energy has acquired a majority stake in liquefied natural gas (LNG) terminal and downstream infrastructure company AC&P LNG, a subsidiary of the AG&P Group.
Under terms of the deal, AG&P LNG will operate as an independent subsidiary of Nebula Energy, with key offices in the UAE, Singapore, India, Vietnam, and Indonesia.
AG&P has many projects in Asia and holds a substantial growth pipeline with a total of six LNG terminals in development, with a proposed capacity of 25 million tonnes per annum across several international growth projects.
The company is also the operator of the first LNG import and regasification terminal in the Philippines, the Philippines LNG Import Terminal in Batangas Bay.
... to continue reading you must be subscribed
