Venice Energy
Venice Energy is an Australian energy infrastructure developer building the Outer Harbor LNG Project, a 2 MTPA floating LNG import terminal at Port Adelaide serving southeastern Australian gas utilities under a tolling model.
- Company typePrivate
- Founded2018
- HeadquartersAdelaide, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Venice Energy does
Venice Energy is an Australian integrated energy infrastructure developer based in Adelaide, South Australia, focused on the Outer Harbor LNG Project — a floating LNG import facility at Port Adelaide that is positioned as the world's first such terminal powered entirely by 100% renewable energy. The project centers on a 145,000 cbm Floating Storage and Regasification Unit (FSRU) with 2 MTPA nameplate capacity and peak send-out capability of approximately 386TJ/day, connected via the SEA Gas pipeline (with planned bi-directional flow) to serve both South Australian and Victorian gas markets. Venice Energy delivers the project through its wholly-owned subsidiary Venice Regas, which serves as the dedicated project execution vehicle.
The business model is an infrastructure tolling arrangement: customers source their own LNG and pay Venice Energy a fee to regasify and inject gas into the network. Commercial offtake is anchored by Origin Energy under an exclusivity framework tied to a 10-year Terminal User Agreement, and by a 25-year Snowy Hydro / Lochard Energy arrangement delivering approximately 60PJs per year into the Iona underground storage facility in Victoria. The GTM is high-touch enterprise infrastructure sales — long-dated negotiations with major energy companies, balance-sheet partners, and government counterparties. The project carries Critical State Infrastructure designation from the South Australian Government (Crown Sponsorship granted 2020; full Development Approval secured December 2021), with Stage 1 Enabling Works completed in December 2023.
In October 2024, AG&P LNG (a subsidiary of Florida-headquartered Nebula Energy) agreed to acquire 100% of Venice Energy, with the full-formed investment agreement signed in August 2025. AG&P LNG is providing 100% of project financing and will construct and operate the terminal, with Final Investment Decision expected later in 2025. The company is also exploring adjacent opportunities including LNG bunkering for cruise ships, hydrogen blending capability, and direct gas supply to Defence projects, though these are not yet revenue-generating.
Venice Energy firmographics
Firmographics- Name
- Venice Energy
- Legal name
- Venice Energy Pty Ltd
- Website
- https://veniceenergy.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Venice Energy is an Australian energy infrastructure developer building the Outer Harbor LNG Project, a 2 MTPA floating LNG import terminal at Port Adelaide serving southeastern Australian gas utilities under a tolling model.
- Ownership category
- akta.pro rank
Venice Energy industry classification
Industry- Product category
- LNG Import Infrastructure
- NAICS
- Natural Gas Distribution (2212), Support Activities for Water Transportation (4883)
- SIC
- Natural Gas Transmission (4922)
- akta.pro primary industry
- LNG Regasification Terminals (Onshore & FSRU) (EUALAFAB)
- akta.pro secondary industries
- LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Regasification & Import Terminals (EUAAACAF), LNG Storage Tanks & Terminal Operations (EUAAACAG)
Keywords
Where Venice Energy is headquartered
LocationHeadquarters
- HQ city
- Adelaide
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Venice Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Infrastructure Tolling: Venice Energy operates the infrastructure using a tolling model where customers source their own LNG and pay a fee to utilize the terminal facility. The facility regasifies imported LNG and injects it into the South Australian and Victorian gas networks. Customers include Origin Energy (exclusivity agreement) and other energy companies.
- LNG Bunkering Services: Future revenue stream planned for LNG bunkering services to support the cruise ship industry.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Terminal Tolling Fee |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Venice Energy product offering
Product offeringCore offering
Venice Energy develops and operates the Outer Harbor LNG Project at Port Adelaide, South Australia — a floating LNG import terminal using a Floating Storage and Regasification Unit (FSRU) powered by 100% renewable energy. Under a tolling model, customers such as energy companies source their own LNG and pay a fee to use the terminal for regasification and injection into the South Australian and Victorian gas networks. The facility has 2 MTPA capacity with 386TJ/day throughput.
Product overview
Venice Energy operates as an integrated energy company with a primary focus on the Outer Harbor LNG Project—one of the world's first floating LNG import terminals powered by 100% renewable energy. The company delivers this infrastructure through its wholly-owned subsidiary Venice Regas, which serves as the project delivery vehicle. The tolling-based terminal allows customers to source their own LNG while paying a fee to use the facility. The company is also exploring complementary ventures including LNG bunkering for cruise ships, hydrogen blending infrastructure, and Defence gas supply projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Outer Harbor LNG Project Floating LNG import terminal at Outer Harbor, Port Adelaide, South Australia, using a 146,000 m³ FSRU powered by 100% renewable energy. Provides LNG regasification and injection into South Australian and Victorian gas networks under a tolling model where customers source their own LNG. 2 MTPA capacity with 386TJ/day throughput. Targeted at major energy companies and gas utilities serving the southeastern Australian market.
- Venice Regas Project Delivery Service Wholly-owned subsidiary of Venice Energy providing project delivery services for the Outer Harbor LNG Project, including construction management and project execution.
Quantifiable outcome
- 386Tj/day throughput capacity; capable of supplying in excess of 250TJ/d of gas through pipeline to Iona storage facility
- +3 more outcomes
Companies that use Venice Energy
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Venice Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Venice Energy partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship and core.
- AG&P LNG (subsidiary of Nebula Energy)flagshipAG&P LNG, a subsidiary of Nebula Energy, agreed to acquire 100% of Venice Energy and provide 100% of project financing. AG&P LNG will construct and operate the terminal, converting a 145,000 cbm LNGC to FSRU with peak send out capacity of 400 mmscfd. Nebula Energy (Florida-headquartered) funds the acquisition and brings integrated LNG value chain platform with end-to-end solutions from LNG supply to terminal operations.
- Snowy Hydro / Lochard Energycore25-year agreement between Snowy Hydro and Lochard Energy (Iona facility owner) means SA terminal can cover forecast gas shortfalls in both Victoria and South Australia. Terminal will deliver around 60PJs per year directly to Iona underground storage facility via SEA Gas pipeline.
- GAS EnteccoreSouth Korean firm and industry leader in FSRU conversions. GAS Entec has converted 3 LNG Carriers into FSRUs and will convert the LNGC for the Outer Harbor project in a South Korean shipyard. Partnership secured in December 2023 to provide fully converted FSRU at improved cost and in timely manner.
- Origin EnergycoreVenice Energy and Origin Energy (Australia's leading energy provider) agreed on structural framework that will underwrite commercial viability of Outer Harbor LNG import terminal. Exclusivity agreement signed for Origin to become single user of the terminal. Negotiations on 10-year Terminal User Agreement (TUA) were ongoing.
- SEA GascoreJoint study with SEA Gas (owners of ~680km pipeline between Victoria and SA) confirmed commercial and technical viability of upgrading pipeline to bi-directional flow. Pipeline connection point only 150m from terminal boundary to provide gas to SA and Victorian energy companies.
- MarubenicoreJapanese trading and investment house Marubeni signed MOU to create joint venture partnership for the AUD$260m project. Marubeni brings significant skills and expertise to the project ensuring secure pathway for energy infrastructure operation. Partnership expected to extend over the next decade as southeast Australia opens to international gas supplies. Marubeni is one of Japan's largest trading houses with over 160 years of history, 133 branches globally.
- Flinders PortscoreProject agreement signed for LNG import facility at Outer Harbor with Flinders Ports for development of berths and port infrastructure.
Scale indicators6 records
Recent moves7 records
Expansion highlights10 records
Venice Energy competitors and assessment
Company assessmentDirect peers
- Excelerate Energy: US-listed operator of FSRU-based LNG regasification terminals globally, with a tolling/utility-offtake model nearly identical to Venice's Outer Harbor project and direct FSRU fleet and terminal operations capability.
- Golar LNG: Owner of FLNG vessels and FSRU conversion expertise (Golar Arctic, Golar Freeze). Direct peer on the floating LNG infrastructure side that supports terminal operations similar to Venice's planned FSRU.
- Höegh LNG: Norwegian owner and operator of FSRU vessels and terminals serving floating LNG import projects worldwide, providing direct comparability on FSRU chartering, terminal ownership, and regasification tolling economics.
- New Fortress Energy: US-based developer of small-to-mid scale LNG import and regasification infrastructure, with tolling-like arrangements for industrial and utility customers and comparable FSRU/floating LNG terminal economics.
- AG&P LNG: Subsidiary of Nebula Energy and the acquirer of Venice Energy. Develops, constructs, and operates FSRU-based LNG import terminals across emerging markets, with comparable terminal tolling business model and downstream LNG value chain integration.
Others
- Origin Energy: Venice's anchor customer and 10-year TUA holder, and Australia's largest energy retailer with upstream gas interests. Customer and ecosystem participant rather than direct competitor.
Broad incumbents
- AGL Energy: Major Australian integrated energy generator and retailer with significant gas-fired generation exposure. Potential downstream off-taker of gas from the Outer Harbor terminal and broader Australian energy market participant.
- Woodside Energy: Australia's largest LNG producer and operator of Pluto and NWS LNG. Broad incumbent in Australian gas/LNG value chain whose domestic supply outlook directly drives Venice's terminal utilization thesis.
- Santos: Major Australian upstream gas producer and LNG operator (GLNG, Darwin LNG, Barossa). Broad incumbent whose southern Australian gas production decline forecast underpins Venice's addressable supply gap.
Regional players
- Viva Energy: Australian downstream energy company developing the Geelong Energy Hub, an LNG/alternative-fuels import terminal at Geelong. Comparable regional LNG import infrastructure project competing for similar southeastern Australian gas demand.
Market position
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Venice Energy social profiles
Digital presenceVenice Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Venice Energy leadership team
Management profileNumber of profiles
Profiles8 records
Venice Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Venice Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Venice Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Venice Energy
What does Venice Energy do?
Venice Energy develops and operates the Outer Harbor LNG Project at Port Adelaide, South Australia — a floating LNG import terminal using a Floating Storage and Regasification Unit (FSRU) powered by 100% renewable energy. Under a tolling model, customers such as energy companies source their own LNG and pay a fee to use the terminal for regasification and injection into the South Australian and Victorian gas networks. The facility has 2 MTPA capacity with 386TJ/day throughput.
Is Venice Energy a public or private company?
Venice Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Venice Energy founded?
Venice Energy was founded in 2018. It employs 1 to 10 people.
Where is Venice Energy based?
Venice Energy is headquartered in Adelaide, Australia, in the Oceania region.
How does Venice Energy make money?
Two revenue lines are on record. Infrastructure Tolling is the primary driver. The others are LNG Bunkering Services.
Who are Venice Energy's main competitors?
Direct peers on record are Excelerate Energy, Golar LNG, Höegh LNG, New Fortress Energy and AG&P LNG. Origin Energy is listed as an others. Broad incumbents are AGL Energy, Woodside Energy and Santos. Viva Energy is listed as a regional player.
Does Venice Energy have an API?
No public API is recorded for Venice Energy.
What industry is Venice Energy in?
Venice Energy's product category is LNG Import Infrastructure. Its primary akta.pro industry code is EUALAFAB, LNG Regasification Terminals (Onshore & FSRU), with a secondary code of EUALAEAD, LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG). Its NAICS code is 2212 and its SIC code is 4922.