Phoenix Park Gas Processors Ltd (PPGPL) has taken a bold step into the international market by acquiring the natural gas liquids (NGL) marketing assets of Twin Eagle Liquids Marketing LLC based in Houston, Texas, USA. This strategic move marks a significant development in PPGPL’s vision to become a recognized global leader in energy-related businesses.
Here are key points to consider from this groundbreaking acquisition:
- PPGPL, the only NGL hub in the region, has expanded its business platform through the acquisition, enhancing its competitiveness in the global marketplace.
- The acquisition of Twin Eagle Liquids Marketing LLC aligns with PPGPL’s strategy to grow its business internationally along the energy value chain.
- With the addition of the American marketer, PPGPL has diversified its revenue streams and established a focal point for an expansion thrust in the North American natural gas market.
- The expansion into the US midstream energy market signifies a positive outlook for PPGPL’s shareholders, particularly TTNGL, which is traded on the Trinidad and Tobago Stock Exchange.
- As PPGPL ventures into new territories, the company aims to export its expertise and deliver added value to its shareholders, the NGC Group of Companies, and the people of Trinidad and Tobago.
PPGPL’s commitment to gas processing and NGLs trading regionally and internationally remains steadfast, while its subsidiary, Phoenix Park Energy Marketing LLC, will focus on marketing, trading, and transporting natural gas liquids via rail in North America. This acquisition signifies a new chapter for PPGPL, reflecting the company’s dedication to growth and global leadership in the energy sector.
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