Jan 25, 2022
Trinidad and Tobago NGL Limited holds a 39% ownership interest in Phoenix Park Gas Processors Limited (PPGPL). On January 21, 2022 Phoenix Park Energy Marketing LLC (PPEM), a wholly owned subsidiary of PPGPL completed its acquisition of an NGL terminal located in Hull, Texas USA from Keyera Energy Inc. (KEI).
KEI is a subsidiary of Keyera Corporation (Keyera), one of the largest midstream oil and gas operators in Canada. Keyera services oil and gas producers in Western Canada and transports natural gas liquids including propane, ethane, butane, condensate and iso-octane to markets throughout North America.
PPEM's acquisition of the NGL terminal is another step in fulfilling PPGPL's strategy to grow the business further along the NGLs value chain, and in alignment with The NGC Group's thrust towards international growth.
The Trinidad and Tobago Stock Exchange Limited
Tuesday 25th January, 2022