Phoenix Park acquires Texas terminal from Keyera

February 11, 2022 By    

With its acquisition of a natural gas liquids (NGL) terminal in Hull, Texas, from Keyera Energy Inc., Phoenix Park Energy Marketing LLC (PPEM) plans to access and aggregate LPG supply to sustain and grow its markets in Mexico and the U.S., according to the company.

PPEM, a wholly owned subsidiary of Phoenix Park Gas Processors Ltd. (PPGPL), markets, trades and transports NGLs in Canada, the U.S. and Mexico.

Keyera Energy is a subsidiary of Keyera Corp., one of the largest midstream oil and gas operators in Canada, with headquarters in Calgary, Alberta.

The acquisition is aligned to Phoenix Park’s growth strategy of realizing its vision “to be a recognized global leader in the development of energy related businesses,” according to the company.

PPGPL is a subsidiary of the National Gas Co. (NGC) of Trinidad and Tobago, and is headquartered in Trinidad and Tobago. It is the only NGL hub in the Caribbean region involved in natural gas processing, fractionating, aggregation and NGL marketing.

As part of the NGC Group, PPGPL says it is pursuing a strategy to internationalize the business and grow along the energy value chain. PPGPL’s first acquisition came in 2020 when the company, through PPEM, acquired the NGL marketing assets of Twin Eagle Liquids Marketing, based in Houston.

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About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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