U.S.-based Nebula Energy LLC has invested $300 million for a majority stake in AG&P Terminals & Logistics Pte Ltd., aka AG&P LNG.

The investment firm is expanding its business in the liquefied natural gas and carbon capture and storage sectors with its investment in AG&P, with plans to fast-track infrastructure development across emerging markets in South and Southeast Asia.

“With this partnership, AG&P LNG will singularly serve as the one-point integrated source for the rapid unlocking of near-term market demand,” said CEO Karthik Sathyamoorthy.

AG&P has six LNG terminals in development in Asia, with a proposed capacity of 25 million metric tons/per year (mmty). AG&P operates an LNG import and regasification terminal in the Philippines, a converted floating, storage and...