• Natural Gas News

    Cryopeak, Ferus announce merger, acquisition


Merger creates Canada's largest privately-held and vertically integrated LNG service provider. [Image credit: Cryopeak]

by: Dale Lunan

Posted in:

Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Mergers & Acquisitions, News By Country, Canada

Cryopeak, Ferus announce merger, acquisition

Cryopeak LNG Solutions and Ferus Natural Gas Fuels said February 5 they had merged to create Cryopeak Energy Solutions, alongside the acquisition of the LNG assets of Campus Energy Partners Infrastructure.

The acquisition, which includes Campus Energy’s regional LNG production facility in Dawson Creek, in the heart of BC’s Montney, will make Cryopeak Energy Solutions the largest private, vertically integrated LNG producer and service provider in Canada.

Cryopeak will manage three LNG production facilities in western Canada and operate the largest fleet of LNG transportation, mobile storage, and regasification equipment. In addition to the Dawson Creek facility, the production portfolio includes Cryopeak’s own Tamaska Fort Nelson plant, Canada’s northernmost LNG production facility, and a Ferus facility at Elmworth, in northwestern Alberta. 

“With increased production capacity and diverse equipment portfolio, Cryopeak is uniquely positioned to support our customers to integrate LNG safely and efficiently into their operations,” Cryopeak CEO Calum McClure said.