Sapphire Gas Solutions to Acquire Spectrum LNG Assets in Desert Southwest
Author: Natural Gas Intelligence·
Key Takeaways
- •Sapphire Gas Solutions agreed to acquire Spectrum LNG’s small-scale LNG assets in the Desert Southwest.
- •The transaction would expand Sapphire’s operating footprint in the region.
- •The acquired facility is served by the North Baja pipeline.
- •LNG deliveries in the area are growing 15% annually.
- •Extreme summer heat has periodically increased natural gas demand and prices across the Desert Southwest.
Sapphire Gas Solutions said Tuesday that it has agreed to acquire small-scale liquefied natural gas (LNG) assets owned by Spectrum LNG in the Desert Southwest.
The acquisition would expand Sapphire’s footprint in the region. The facility is served by the North Baja pipeline, while LNG deliveries in the area are growing 15% annually.
The transaction comes as scorching weather has periodically pushed up natural gas demand and prices across the Desert Southwest this summer, including the Southern California border area near Ehrenberg.
