Prometheus will add to its American LNG supply and service platform with the acquisition of Stabilis’ LNG distribution business in the DJ Basin (Colorado) and other regions excluding Texas and the Gulf Coast region.
Casey Crenshaw, CEO of Stabilis Energy., commented: “This transaction allows Stabilis to focus on its core strengths of building and operating small-scale and mid-scale LNG production facilities. This transaction is a continuation of our plan to build the leading LNG supply network in North America.”
Jim Reddinger, President and CFO of Stabilis Energy, continued: “Stabilis remains fully committed to self-performing the transportation and logistics services required to move LNG from our production facilities to our customers. Providing certainty of LNG supply to our customers is our top priority, and we believe that self-performing transportation and logistics services in Texas and the Gulf Coast region is critical to fulfilling this commitment.”
