USA: Stabilis expands LNG distribution business with Prometheus acquisition

Image courtesy of Prometheus Energy

US LNG producer and provider Stabilis Energy said Wednesday it had completed the acquisition of a majority interest in Prometheus Energy.

The acquisition combines two of the “leading” liquefied natural gas production and distribution companies to form a full-service provider capable of delivering LNG to customers in any end market and location in North America, a Stabilis statement said.

The company did not reveal terms of the transaction.

Prometheus will operate as the independent LNG distribution subsidiary of Stabilis. Houston-based Prometheus provides mobile and stationary LNG solutions to industrial, utility, pipeline, high-horsepower and other remote customers.