AG&P LNG Acquires Full Ownership of Cai Mep LNG Terminal in Vietnam
AG&P LNG has secured a 100% stake in the Cai Mep LNG Terminal, enhancing its LNG supply chain capabilities in Vietnam. This acquisition follows an initial 49% purchase in 2024 and underscores a commitment to the region's energy infrastructure development.
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AG&P LNG has announced its acquisition of a 100% stake in the Cai Mep LNG Terminal in Vung Tau, Vietnam, following a prior 49% stake purchase in 2024. The terminal, completed and operational since 2025, is equipped with a capacity of 3 MTPA, expandable to 6 MTPA, and is strategically connected to the Phu My industrial zone and the country's largest power complex, Phu My, which has a capacity of 3.9 GW.
This acquisition will allow AG&P LNG to further integrate the terminal into its global LNG value chain and enhance distribution capabilities. The completion of the transaction is pending regulatory approvals. The move is significant for bolstering LNG infrastructure in South Vietnam, potentially impacting regional energy prices and supply reliability.
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