Phoenix Park Energy Acquires NGL Terminal In Texas From Keyera Energy

Deal In Brief

Phoenix Park Gas Processors Limited (PPGPL), through its wholly owned subsidiary Phoenix Park Energy Marketing LLC (PPEM), has acquired natural gas liquids (NGL) terminal located in Hull Texas, the US, from Keyera Energy Inc. (KEI), a subsidiary of Keyera Corporation (Keyera), a midstream oil and gas operators. The transaction is in line with PPGPL's strategy to grow the business further along the NGLs value chain

PPGL said, “The transaction 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. With the completion of this second acquisition, the employees of PPGL and PPEM will have further opportunities to apply their respective talents in the US midstream sector thereby leveraging core skills and competencies particularly in the areas of process safety, financial governance and NGL marketing for which PPGL is recognised locally, regionally and internationally.”

Deal Type	Acquisition
Sub-Category	Asset Purchase
Deal Status	Completed: 2022-01-21

Deal Participants

Acquirer (Company)	Phoenix Park Energy Marketing LLC
Vendor (Company)	Keyera Energy Inc

Deal Rationale

The transaction is in line with PPGPL's strategy to grow the business further along the NGLs value chain.

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