Nebula’s AG&P LNG, Indonesia’s PLN EPI form JV

Florida-headquartered Nebula Energy announced the formation of the JV in a social media post on Wednesday.

“This initiative will transition power plants from diesel to cleaner LNG, supporting Indonesia’s energy transition and sustainability goals,” the firm said.

Nebula Energy did not provide further details.

Last year, AG&P LNG and its consortium members won a large-scale 20-year contract for LNG infrastructure development from the unit of Indonesia’s state power company PLN.

Besides AG&P Indonesia, other consortium members are Suasa Benua Sukses (SBS) and KPMOG.

The tender was awarded by PLN EPI to AG&P LNG for the co-development, ownership, and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia.

AG&P LNG said at the time that the consortium will establish a joint venture with PLN EPI to collaborate on the design, financing, construction, ownership, and operations of all offshore and onshore infrastructure within the Sulawesi-Maluku cluster LNG terminals.

This infrastructure includes the LNG carrier, floating storage and regasification unit (FSRU), and multiple onshore regasification sites, AG&P LNG said.

Also, the aim is to supply LNG and natural gas to seven power plants with a cumulative capacity of 1,510 MW.

The Sulawesi-Maluku, the largest power cluster in Indonesia, will have LNG import terminals of a total regasification capacity of 2.3 million metric tonnes per annum (mtpa) with multiple regasification sites across its seven locations, according to AG&P LNG.