AG&P LNG wins contract for LNG infrastructure development in Indonesia

AG&P LNG, a Singapore-based company majority-owned by Nebula Energy, March 26 said that its subsidiary AGP Indonesia, in collaboration with consortium members Suasa Benua Sukses (SBS) and KPMOG, has secured a 20-year contract for LNG infrastructure development from PLN EPI in Indonesia.

The tender, awarded to AG&P LNG, entails the co-development, ownership, and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia. The customer and co-shareholder in this project will be PLN Energi Primer (PLN EPI), a wholly-owned subsidiary of PLN Indonesia.

AG&P Indonesia, along with its consortium members, will establish a joint venture with PLN EPI to collaboratively design, finance, construct, own, and operate all offshore and onshore infrastructure within the Sulawesi-Maluku cluster LNG terminals. This infrastructure includes the LNG carrier (LNGC), floating storage and regasification unit (FSRU), and multiple onshore regasification sites, with the aim of supplying LNG and natural gas to seven power plants with a cumulative capacity of 1,510 MW.

AG&P LNG currently has six LNG terminals in development, with a proposed capacity of 25mn tonnes/year. Among its LNG terminal project portfolio, AG&P LNG operates the first LNG import and regasification terminal in the Philippines. Additionally, earlier this month, AG&P LNG announced the acquisition of a 49% stake in Cai Mep, a fully constructed LNG import terminal in Vietnam.

AG&P LNG CEO Karthik Sathyamoorthy recently told NGW that Nebula takeover will help fast-track LNG terminal development across emerging markets in South and Southeast Asia.