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
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.