AG&P will now operate as an independent subsidiary of Nebula Energy. (Source: Shutterstock)
LNG terminals company AG&P LNG announced that asset management company Nebula Energy LLC bought a majority stake in the company, AG&P announced in a Jan. 30 release.
With operational headquarters in United Arab Emirates, AG&P will now operate as an independent subsidiary of Nebula.
Aiming to meet LNG demand in Asia markets, AG&P says six LNG terminals are in development with a proposed capacity of 25 million tonnes per annum across several projects.
“The new equity will accelerate the deployment of the LNG infrastructure ecosystem for downstream markets through bridging the need for cost-effective LNG supply solutions, enabled by Nebula Energy, combined with our compelling techno-commercial solutions,” said AG&P CEO Karthik Sathyamoorthy.
Recommended Reading
E&P Highlights: Feb. 3, 2025
2025-02-03 - Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.
Exclusive: Metal Tariffs Unlikely to Disrupt Lower 48 Supply Chain
2025-03-25 - With tariffs discussions creating uncertainty in the energy sector, Luca Zanotti, Tenaris’ U.S. president, said he sees minimal impact with tariffs on oil country tubular goods, in this Hart Energy exclusive interview.
E&P Highlights: Jan. 21, 2025
2025-01-21 - Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.
Petrobras to Deploy Baker Hughes Completion Technology Offshore Brazil
2025-03-20 - Baker Hughes will be combining its completions technologies with conventional upper and lower completions solutions at Petrobras’ offshore developments.
E&P Highlights: March 17, 2025
2025-03-17 - Here’s a roundup of the latest E&P headlines, from Shell’s divestment to refocus its Nigeria strategy to a new sustainability designation for Exxon Mobil’s first FPSO off Guyana.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.