MEDIA RELEASE | SINGAPORE, 24 OCTOBER 2024
AGP LNG Agrees to Acquire Venice Energy, a 2 MTPA LNG Import Terminal Developer at Outer Harbor in Port Adelaide, Australia
Highlights:
- AG&P LNG agrees to acquire 100% of Venice Energy, developer of 2 MTPA LNG Import Terminal (Outer Harbor).
- Florida-headquartered Nebula Energy, majority owner of AG&P LNG, to fund the acquisition.
- Leveraging Nebula Energy’s integrated LNG value chain platform, AG&P LNG to provide end-to-end solutions from LNG supply, terminal development to operations and maintenance.
- AG&P LNG to convert a 145,000 cbm LNGC to Floating Storage and Regasification Unit (FSRU) with a peak send out capacity of 400 mmscfd.
- The 2 MTPA Outer Harbor LNG Import Terminal expected to be commissioned by Q1 2027.