Mercuria Energy Group Ltd. has invested in Black Bayou Energy Hub LLC — an early-stage gas storage facility in Louisiana — as the Geneva-based commodity trading house looks to build on its position in the gas industry.
The investment in an undisclosed capacity of gas storage in Louisiana comes as the next wave of liquefied natural gas export facilities comes online from the US, which was the largest super-chilled fuel exporter in 2023. Five new LNG projects or expansions are currently underway in Texas and Louisiana, with more planned.
Mercuria has brought in a team of industry veterans in the ...
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