AG&P LNG Acquires 49% Stake in Fully Constructed Cai Mep LNG Terminal in South Vietnam, Developed by Hai Linh Company Limited | PR Newswire [Video]

Announces strategic partnership between AG&P LNG and Hai Linh Company Limited to establish a Joint Venture for LNG trading and downstream gas distribution in Vietnam.

• Cai Mep, a US$ 500M LNG Import Terminal, with a capacity of 3 MTPA, expandable to 6 MTPA, is one of the only two existing LNG terminals in Vietnam.
• Cai Mep will provide LNG access to the gas-fired power plants and industries in South Vietnam.
• Currently undergoing pre-commissioning works, Cai Mep is expecting start-up in Q3 2024.

, /PRNewswire/ — Leading LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, announced today that it has acquired a 49% stake in Cai Mep LNG Terminal located in Vũng Tàu district in South Vietnam. Fully constructed, the Cai Mep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam.

The Cai Mep LNG Terminal has pipeline …