Skip to main content

Okra Energy acquires Cryogas

Published by
LNG Industry,


Okra Energy (USA) has acquired Cryogas, a Peruvian company specialising in the transportation and storage of LNG, as well as the installation of satellite regasification plants. By warming LNG back to its gaseous state, satellite regasification plants enable the delivery of natural gas energy to industries and consumers without access to pipeline infrastructure.  

As a subsidiary of Okra Energy, Cryogas will administer all aspects of LNG distribution, logistics and equipment maintenance in Peru. “The purchase of Cryogas is key to our vertical solution for localized, off-grid energy delivery,” said Louis Ravenet, CEO of Okra Energy.  

“Acquiring Cryogas ensures that Okra Energy can safely and efficiently transport and regasify LNG throughout Peru,” said Ravenet. “I am especially excited to work with Rafael Francolino, who brings a proven track record of managing LNG operations. Acquiring Cryogas establishes Okra as a leading source of LNG in Peru, and throughout the greater South American region.” 

Cryogas’s Chilean affiliate Gas-Stream, also founded by Francolino, was recently acquired by the world’s largest independent electricity generator, ENGIE.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14072017/okra-energy-acquires-cryogas/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):