AG&P LNG
AG&P LNG develops, owns, and operates LNG import terminals and downstream infrastructure across emerging markets in Southeast Asia, South Asia, Oceania, East Asia, Africa, and the Middle East, serving governments, state-owned utilities, power generators, and industrial customers with FSRU-based regasification, O&M services, and integrated LNG supply.
- Company typePrivate
- Founded-
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AG&P LNG does
AG&P LNG is a Dubai-headquartered private LNG infrastructure company that develops, owns, and operates merchant and captive LNG import terminals across emerging markets in Southeast Asia, South Asia, Oceania, East Asia, Africa, and the Middle East. The company's core technology centers on Floating Storage and Regasification Units (FSRUs) — often converted from existing LNG carriers — alongside onshore terminals and hybrid configurations, supplemented by 24/7 live monitoring systems and AI-assisted predictive maintenance for terminal operations. Its operational portfolio includes six major terminals: Cai Mep (Vietnam, 3 MTPA expandable to 5 MTPA), Ilijan (Philippines, 5 MTPA under a 21-year O&M contract), Jafrabad (India, 4.5 MTPA contracted demand), Outer Harbor (Australia, up to 2 MTPA), the Sulawesi-Maluku Cluster (Indonesia, supplying over 700 MW), and Dakar LNG FSU (Senegal), with a stated 2030 target of 7+ owned/operated terminals and 10+ MTPA aggregate LNG supply.
The company monetizes across four revenue streams: LNG sourcing and supply (long- and short-term contracts indexed to Brent, JKM, JCC, Henry Hub with FOB/DES delivery terms); terminal development and operations (regasification capacity access fees and long-term service agreements); operations and maintenance services (anchored by multi-decade contracts such as Ilijan's 21-year term); and downstream gas distribution (cryogenic pipelines, truck loading, ISO-containers, and break-bulk logistics to power generators, industrial users, city gas distributors, and off-grid customers). Go-to-market is exclusively enterprise field sales targeting governments, state-owned utilities, and large industrial buyers.
AG&P LNG is majority-owned by Nebula Energy following a $300 million acquisition in January 2024, with additional backing from Asiya Investments (Kuwait Investment Authority-backed), Osaka Gas, and JBIC (managing an $8 billion portfolio). Since the acquisition, the company has pursued a programmatic expansion strategy, including the announced acquisition of Venice Energy for an Australian terminal, the acquisition of a 49% stake in Cai Mep LNG Terminal with a planned move to 100% ownership, and a joint venture with PLN EPI for Indonesian gasification. Management offices span Dubai, Singapore, Texas, Florida, and New York, supporting cross-border execution.
AG&P LNG firmographics
Firmographics- Name
- AG&P LNG
- Legal name
- AG&P LNG
- Website
- https://agplng.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AG&P LNG develops, owns, and operates LNG import terminals and downstream infrastructure across emerging markets in Southeast Asia, South Asia, Oceania, East Asia, Africa, and the Middle East, serving governments, state-owned utilities, power generators, and industrial customers with FSRU-based regasification, O&M services, and integrated LNG supply.
- Ownership category
- akta.pro rank
AG&P LNG industry classification
Industry- Product category
- LNG Import Infrastructure
- NAICS
- Natural Gas Distribution (2212)
- SIC
- Wholesale-Petroleum Bulk Stations & Terminals (5171), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD)
- akta.pro secondary industries
- LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC), LNG Operations, Maintenance & Reliability (O&M, Integrity, Turnarounds) (EUALAFAJ), LNG Storage, Hub & Regas Capacity Optimization (Terminal Slots, Send-out) (EUAGAHAD), LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI)
Keywords
Where AG&P LNG is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices5 records
Markets served
AG&P LNG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- LNG Sourcing & Supply: Securing long- and short-term LNG supply with diversified global suppliers. Offers mix of long-term and spot contracts with pricing indexed to benchmarks such as Brent, JKM, JCC, and Henry Hub. Provides flexible delivery terms including FOB, DES, and destination optionality. Projected aggregate LNG supply exceeds 10 MTPA by 2030.
- Terminal Development & Operations: Developing and operating LNG import terminals with integrated regasification and storage solutions. Revenue generated through terminal access fees and long-term service agreements with anchor customers.
- Operations & Maintenance Services: Comprehensive O&M services including ship-to-ship transfers, marine logistics, port liaison, and compliance management under long-term agreements (e.g., 21-year O&M contract for Ilijan LNG Terminal)
- Downstream Gas Distribution: Supplying LNG to power generation, industrial consumers, city gas distributors, datacenters, and off-grid users through cryogenic pipelines, truck loading, ISO-container distribution, and break-bulk logistics
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
AG&P LNG product offering
Product offeringCore offering
AG&P LNG develops, owns, and operates merchant and captive LNG import infrastructure, including Floating Storage Regasification Units (FSRUs) and onshore terminals. The company delivers an integrated LNG value chain spanning sourcing and supply, terminal development, operations and maintenance, and downstream gas distribution to power generators, industrial users, city gas distributors, data centers, and off-grid customers across emerging markets.
Product overview
AG&P LNG develops, owns, and operates merchant and captive LNG infrastructure, offering a fully integrated platform across the LNG value chain. The company operates a portfolio of strategically located LNG import terminals including Cai Mep LNG Terminal (Vietnam), Sulawesi-Maluku LNG Cluster (Indonesia), Jafrabad LNG Terminal (India), Outer Harbor LNG Terminal (Australia), Dakar LNG FSU (Senegal), and Ilijan LNG Terminal (Philippines). Core offerings include LNG Supply Solutions (sourcing and procurement), LNG Import Infrastructure Development (FSRUs, onshore terminals, hybrid configurations), Operations & Maintenance Services (24/7 monitoring, AI-powered predictive maintenance), and a Downstream Gas Ecosystem (distribution to power, industrial, and city gas customers). The company targets emerging economies across Southeast Asia, South Asia, Oceania, East Asia, Middle East, Africa, and the United States, aiming to own and operate over 7 LNG import terminals with total demand exceeding 10 MTPA by 2030.
Differentiator
Problem solved
Functional benefit
Products and services
- Cai Mep LNG Terminal Privately owned LNG import terminal in Vung Tau, Vietnam, with 3 MTPA of regasification capacity expandable to 5 MTPA, 14 truck-loading bays, and flexible delivery options supplying up to 2 GW of power demand near the Mekong Delta.
- Sulawesi-Maluku LNG Cluster Integrated LNG ecosystem in Indonesia comprising six terminals, a 137,500 cbm FSRU, onshore regasification units, and a 27,000 cbm LNG carrier, supplying over 700 MW of power generation capacity and displacing diesel usage.
- Jafrabad LNG Terminal Floating storage and regasification terminal in Gujarat, India, with 4.5 MTPA of contracted demand, two storage vessels totaling 300,000 cbm, and an FSRU with 750 MMSCFD regas capacity serving industrial, power, and city gas markets.
- Outer Harbor LNG Terminal LNG import terminal in Adelaide, Australia, featuring a converted 145,000 cbm FSRU and dual-berth port infrastructure with up to 2 MTPA of regasification capacity, including the Adelaide Energy Bridge solution deploying by early 2026.
- Dakar LNG FSU Long-term floating storage unit deployment in Dakar, Senegal, converted from an LNG carrier to serve as key infrastructure for the Dakar LNG Terminal, supplying power plants and facilitating reloading across West Africa.
- Ilijan LNG Terminal Terminal in Batangas, Philippines, with 5 MTPA regasification capacity and 250,000 cbm storage, operated and maintained by AG&P LNG under a 21-year contract since 2023. Supports 1.2 GW and 1.3 GW power plants, supplying 20% of Manila's power demand.
- LNG Supply Solutions LNG sourcing and supply services offering a mix of long-term and spot contracts with pricing indexed to benchmarks such as Brent, JKM, JCC, and Henry Hub, with flexible delivery terms including FOB, DES, and destination optionality and projected aggregate supply exceeding 10 MTPA by 2030.
- LNG Import Infrastructure Development Design and delivery of flexible, scalable LNG import infrastructure including FSRUs, onshore terminals, and hybrid configurations, with modular systems engineered for quick deployment and integration into existing energy ecosystems.
- Operations & Maintenance Services Comprehensive terminal operations and maintenance services featuring 24/7 live monitoring systems, AI-powered predictive maintenance, and hydrocarbon inventory tracking, handling ship-to-ship transfers, marine logistics, port liaison, customs clearance, and compliance with international safety and environmental standards.
- Downstream Gas Ecosystem Integrated downstream platform delivering gas directly to power generators, industrial clients, city gas distributors, and off-grid users through cryogenic pipelines, truck loading, ISO-container distribution, and break-bulk logistics.
Quantifiable outcome
- Reduces CO2 emissions by up to 59% compared to coal
- +4 more outcomes
Companies that use AG&P LNG
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
AG&P LNG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
AG&P LNG partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- PLN EPIcorePLN EPI (PLN Indonesia Power) and AG&P LNG formed a joint venture for the gasification of Sulawesi & Maluku power plants, representing a strategic partnership to develop Indonesia's LNG infrastructure and support the country's energy transition away from diesel.
- Venice EnergycoreAG&P LNG is acquiring Australian energy developer Venice Energy to develop an LNG import terminal in South Australia. The project targets operational status by 2027 and involves converting an LNG carrier into an FSRU with 2 MMtpy capacity to address regional gas shortages.
Scale indicators10 records
Recent moves6 records
Expansion highlights7 records
AG&P LNG competitors and assessment
Company assessmentDirect peers
- BW LNG: Part of the BW Group, owner-operator of one of the world's largest FSRU fleets serving regasification customers globally; directly comparable as an FSRU lessor and terminal service provider.
- Golar LNG: Pioneer in FLNG and FSRU conversion, operating floating regasification infrastructure worldwide; comparable business model of repurposing LNG carriers into floating infrastructure assets.
- New Fortress Energy: Integrated LNG infrastructure developer focused on emerging markets, combining FSRUs, terminals, and downstream distribution to power and industrial customers — a near-mirror of AG&P's value chain.
- Excelerate Energy: US-based FSRU operator and LNG terminal developer with operations in multiple emerging markets (Bangladesh, Pakistan, Brazil); closest direct competitor to AG&P's FSRU-led import terminal model.
- Höegh LNG: Pure-play FSRU owner and operator with a global fleet of floating storage regasification units, directly comparable to AG&P LNG's core FSRU-based import terminal business and long-term charter model.
Regional players
- Petronet LNG: India's largest LNG terminal operator (Dahej and Kochi), serving power, industrial, and city gas customers; directly comparable on downstream gas distribution and terminal access economics in the Indian market.
Emerging players
- Cool Company (CoolCo): LNG carrier owner with exposure to FSRU-style regasification projects; partial overlap with AG&P's FSRU/marine infrastructure model though smaller scale and narrower product line.
- Woodside Energy: LNG operator pursuing downstream regasification and offtake into emerging Asia; comparable where AG&P sources LNG and competes for offtake arrangements in overlapping regions like Australia and Southeast Asia.
Broad incumbents
- Shell (LNG Marketing & Trading): Global LNG portfolio spanning liquefaction, shipping, regasification, and trading; competes with AG&P's LNG supply business and participates as both counterparty and competitor in emerging-market terminals.
- TotalEnergies (LNG division): Integrated LNG major with upstream supply, shipping, regas capacity, and trading; comparable to AG&P at the supply/trading layer and a potential competitor in target geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
AG&P LNG social profiles
Digital presenceAG&P LNG financial estimates
Financial estimateRevenue estimate
Valuation estimate
AG&P LNG leadership team
Management profileNumber of profiles
Profiles1 record
AG&P LNG subsidiaries and ownership
Company hierarchySubsidiaries1 record
AG&P LNG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AG&P LNG M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AG&P LNG
What does AG&P LNG do?
AG&P LNG develops, owns, and operates merchant and captive LNG import infrastructure, including Floating Storage Regasification Units (FSRUs) and onshore terminals. The company delivers an integrated LNG value chain spanning sourcing and supply, terminal development, operations and maintenance, and downstream gas distribution to power generators, industrial users, city gas distributors, data centers, and off-grid customers across emerging markets.
Is AG&P LNG a public or private company?
AG&P LNG is a private company. It is classified as private equity controlled and is currently operating.
When was AG&P LNG founded?
AG&P LNG was founded in -1. It employs 11 to 50 people.
Where is AG&P LNG based?
AG&P LNG is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does AG&P LNG make money?
Four revenue lines are on record. LNG Sourcing & Supply is the primary driver. The others are terminal Development & Operations, operations & Maintenance Services and downstream Gas Distribution.
Who are AG&P LNG's main competitors?
Direct peers on record are BW LNG, Golar LNG, New Fortress Energy, Excelerate Energy and Höegh LNG. Petronet LNG is listed as a regional player. Emerging players are Cool Company (CoolCo) and Woodside Energy. Broad incumbents are Shell (LNG Marketing & Trading) and TotalEnergies (LNG division).
Does AG&P LNG have an API?
No public API is recorded for AG&P LNG.
What industry is AG&P LNG in?
AG&P LNG's product category is LNG Import Infrastructure. Its primary akta.pro industry code is EUALAEAD, LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG), with a secondary code of EUALAFAC, LNG Shipping & Marine Transportation (LNG Carriers, Chartering). Its NAICS code is 2212 and its SIC code is 5171.