BP Energy Partners, LLC (BPEP) has announced that it has purchased a controlling interest in Cryopeak LNG Solutions Corp.
Cryopeak will become a portfolio company in BPEP's second private equity fund, BP Natural Gas Opportunity Partners II, LP.
In addition to the controlling interest acquisition, BPEP will also commit additional capital to Cryopeak to support its continued growth throughout North America.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09012019/bp-energy-partners-gains-controlling-interest-in-cryopeak-lng-solutions/
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Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.
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