Leading LNG terminals and downstream infrastructure Singapore company, AG&P LNG, majority-owned by Nebula Energy, announced that it has agreed to acquire Venice Energy, the developer of the 2 MTPA LNG import terminal at Outer Harbor (Outer Harbor LNG Import Terminal) in Port Adelaide, South Australia.
AG&P LNG will build the Outer Harbor LNG import terminal by conversion of a 145,000 cbm LNG C to a Floating Storage and Regasification Unit (FSRU) with a peak send out capacity of 400 mmscfd.
“We are excited to enter the Australian market with our decision to acquire Venice Energy. Venice Energy has got the Outer Harbor LNG import terminal project shovel-ready with all key permits in place, offering a key advantage over other LNG import terminal proposals in the region,” Peter Gibson, chairman of AG&P LNG said.
“With our signature end-to-end LNG value chain solutions, from investment to LNG supply, terminal development and operations and maintenance, AG&P LNG will work with Venice Energy to bring the terminal online by Q1, 2027. Together, we will develop this very timely and pivotal project to bridge the accelerating decline in gas supplies and help reinforce energy security for South Australia and Victoria,” he added
“Venice Energy’s 8-month search for a strategic partner ended with our choice to go with AG&P LNG over and above other major international energy infrastructure companies,” Kym Winter-Dewhirst, chairman of Venice Energy, said.
“This is a milestone for Venice Energy and through our partnership with AG&P LNG we can provide a secure gas supply to both South Australia and Victoria by Q1 2027. AG&P LNG brings to us the financial muscle through Nebula Energy, majority owner of AG&P LNG and its unique end-to-end integrated wider portfolio LNG terminal development and operations capability. We were impressed by AG&P’s expanding portfolio of LNG operations and terminal projects across the Philippines, Vietnam, Indonesia and India. The Outer Harbor LNG import terminal is poised to be among the first terminals to come online and address the shortage of gas supply across southeast Australia,” he added.
