Parallax Energy, a new company formed with experts representing all aspects of the LNG chain, has opened its headquarters in Houston, Texas.
“There is no better place to center our business than the global energy capital,” explained Martin J. Houston, founding partner and Chairman of Parallax. “Throughout my 30 years in the industry, I have spent much of my time in Houston. It makes sense for us to be in the best place to connect with other industry leaders and investors.”
“My partners and I have been involved in many of the contemporary liquefied natural gas (LNG) projects developed globally in the last 20 years, and we are excited to launch that expertise in new ways,” added Houston.
Parallax currently has LNG projects and a gas supply and trading business in development, and the company has formed strategic partnerships with world-class industry operators. Through their upstream partners, Millennial Energy, the company has been active in the exploration and production sector and is continuing to look at additional investment opportunities.
Martin Houston formed Parallax after retiring as Chief Operating Officer and Executive Director from BG Group; he is largely credited with creating BG Group’s LNG business.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23102014/new-lng-company-opens-in-houston-1654/