Okra Energy Acquires Cryogas

Published: Jul 12 2017
Deal Summary

Okra Energy, LLC, a company that supplies liquefied natural gas (LNG), acquired Cryogas Peru, a company engaged in the transportation and storage of liquefied natural gas (LNG), as well as the installation of satellite regasification plants.

Following the transaction, Cryogas operates as a subsidiary of Okra Energy. The transaction enables Okra Energy to strengthen its business operations in Peru.

Louis Ravenet, CEO of Okra Energy, said, “The purchase of Cryogas is key to our vertical solution for localized, off-grid energy delivery. Acquiring Cryogas ensures that Okra Energy can safely and efficiently transport and regasify LNG throughout Peru, I am especially excited to work with Rafael Francolino, who brings a proven track record of managing LNG operations.”

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