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    Home > News > Gas News > News Article

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    Phoenix Park Energy Acquires NGL Terminal In Texas From Keyera Energy


    January 28, 2022 - Marketline - Deals

     

      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.

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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