Stabilis Energy has announced two deals to expand its presence in the distributed liquefied natural gas (LNG) and compressed natural gas markets in Mexico.
The Texas, US-based company has completed the acquisition of privately held Diversenergy, LLC and its subsidiaries to create one of the leading distributed LNG marketing and distribution companies in Mexico.
Stabilis has also completed the formation of a joint venture with Grupo CLISA, and other former owners of Diversenergy, to pursue investments in LNG and compressed natural gas assets in Mexico.
Financial terms of both deals were not disclosed.
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