Page 158 - CW E-Magazine (13-2-2024)

News from Abroad

LNG INFRASTRUCTURE
Nebula Energy buys majority stake in AG&P LNG

Leading LNG terminals and down-
stream infrastructure company, AG&P
LNG (AG&P Terminals & Logistics Pte.
Ltd.), a subsidiary of Singapore-based
AG&P Group, has announced that
Nebula Energy, a US-based investment,
development, and asset management
company with a focus on liquefied
natural gas (LNG) and carbon capture
and storage (CCS), has bought majority
stake in the company.

With operational headquarters
in the UAE, AG&P LNG will now
operate as an independent subsidiary
of Nebula Energy with key offices in
UAE, Singapore, India, Vietnam, and
Indonesia.

AG&P LNG has a substantial
growth pipeline with a total of six
LNG terminals in development with including LNG terminals, storage and Furthermore, we are pleased to
proposed capacity of 25-mtpa across transportation solutions and enable advise that Nebula Energy is establish-
several international growth projects. the cost-effective supply of this fuel. ing a ship-owning company, Nebula
This partnership comes at a time of a Energy Shipping, where all marine
Mr. Peter Gibson, Chairman, Nebula new cycle of LNG supply and growing assets will be owned and operated.
Energy, said, “We are excited to demand for LNG in Asia markets This company will provide efficient
participate in the future of AG&P where LNG is being increasingly and secure transportation services to
LNG and to expedite the roll-out recognised as the critical fuel to pro- support the expanding demand of our
of these vital clean energy network, foundly reduce carbon emissions. LNG business.”

DISTRIBUTION INFRASTRUCTURE
Air Liquide and TotalEnergies form JV to set up

hydrogen stations in Europe

French firms – Air Liquide and inforce the momentum given to the ing around 20 stations in France, the
TotalEnergies – have announced entire industry, from truck manufactur- Netherlands, Belgium, Luxemburg
the creation of ‘TEAL Mobility’ – ers to transport operators. and Germany from 2024.
a 50:50 joint venture that will accele-
rate the development of hydrogen TEAL Mobility aims to develop Hydrogen is particularly well-suited
for heavy duty trucks by offering more than 100 hydrogen stations to long-distance road transport, as it
a network of 100 stations on major over the next decade, creating the enables rapid refuelling – in about 15
European corridors. first transnational European network minutes – and a long range – around
of this size – under the TotalEnergies 800km – while preserving vehicle
This approach contributes to re- brand. TEAL Mobility will be operat- loading capacity.

158 Chemical Weekly February 13, 2024

Contents Index to Advertisers Index to Products Advertised