Energy World Corporation Ltd is an Australia-based independent energy company primarily engaged in the production and sale of power and the development of liquefied natural gas (LNG) projects. The company operates through four segments: Oil and Gas in Australia, Oil and Gas in Indonesia, Power in Indonesia, and Project Development. Its product portfolio includes operation of gas-fired power plants, LNG liquefaction plants, and ownership interests in various gas fields and power assets. Key assets include the 315 MW Sengkang combined cycle gas-fired power plant and a 2 million tons per annum LNG liquefaction plant in Indonesia, a 56,000 tpa LNG liquefaction plant in Australia, and the Alice Springs power and LNG plants. The company develops the LNG Hub terminal and a 650 MW combined cycle gas-fired power plant in the Philippines. Founded in 1985 and headquartered in Sydney, Energy World Corporation operates across Australia, Indonesia, and the Philippines.
Recent significant developments include a $659 million refinancing deal involving major shareholders Energy World International and Slipform Engineering Group, conversion of debt into equity, and strategic refinancing of existing debts. The company also saw operational enhancements such as the installation of a new compressor package anticipated to boost gas production at the Sengkang facility in Indonesia. However, the company faced financial reporting challenges leading to asset impairments totalizing approximately US$794 million in its LNG projects and oil and gas exploration assets as identified by ASIC in 2024 and 2025. The company continues to focus on expanding its LNG and power generation capabilities while managing refinancing and operational efficiencies amid the evolving energy landscape.