Trinidad and Tobago-based Phoenix Park Energy Marketing Ltd (PPEM) has finalised its acquisition of a natural gas liquids terminal in the US.
PPEM purchased the terminal located in Hull, Texas from Keyera Energy – a subsidiary of Keyera Corporation, one of Canada's largest midstream oil and gas producers.
The deal was announced in separate statements by Phoenix Park Gas Processors Ltd (PPGL) – parent company of PPEM – and TT NGL Ltd, a 39 per cent shareholder in PPGL.
PPGL says with this acquisition, Phoenix Park Energy Marketing can access and aggregate LPG supply to sustain and grow its markets in Mexico, Latin America and the United States.