Venice Energy signs sale agreement for Australian LNG terminal project

Published by Ellie Brosnan, Editorial Assistant
Tanks and Terminals, Tuesday, 12 August 2025 14:00

The company behind South Australia’s (SA) LNG terminal project, Venice Energy, has agreed to sell its project to LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of US-owned Nebula Energy.

This follows a complex series of negotiations over the past eight months after the signing of a binding term sheet between the two companies in October 2024 and a full-formed investment agreement that was settled and signed on 11 August 2025.

Venice Energy Chair, Kym Winter-Dewhirst, said the agreement means AG&P LNG will provide 100% of project financing and will construct and operate the terminal. A final investment decision (FID) is expected later in 2025.

“Firstly, the regasification terminal will provide energy security to South Australia from 2028 onwards and secondly help alleviate forecast shortfalls in the gas supply market along the southeast of Australia,” added Winter-Dewhirst.

The terminal has already been approved by the SA government and site enabling works were completed earlier in 2025.

Read the article online at: https://www.tanksterminals.com/terminals/12082025/venice-energy-signs-sale-agreement-for-australian-lng-terminal-project/