Stabilis Energy signed an agreement to acquire substantially all of the US-based assets of Encana’s liquefied natural gas (LNG) distribution unit. Terms of the transaction were not disclosed. The unit, Encana Natural Gas, is a distributor of LNG fuel to US, high-horsepower engine operators in the oil and gas, mining, marine, rail, over-the-road transportation, and industrial sectors. Stabilis has also agreed to purchase its fleet of cryogenic rolling stock assets, including storage and regasification trailers, mobile fueling units, and other related equipment.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.