LNG terminals company AG&P LNG announced that asset management company Nebula Energy LLC bought a majority stake in the company, AG&P announced in a Jan. 30 release.

With operational headquarters in United Arab Emirates, AG&P will now operate as an independent subsidiary of Nebula.

Aiming to meet LNG demand in Asia markets, AG&P says six LNG terminals are in development with a proposed capacity of 25 million tonnes per annum across several projects.

“The new equity will accelerate the deployment of the LNG infrastructure ecosystem for downstream markets through bridging the need for cost-effective LNG supply solutions, enabled by Nebula Energy, combined with our compelling techno-commercial solutions,” said AG&P CEO Karthik Sathyamoorthy.