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Stolt-Nielsen takes major stake in LNG logistics start-up in Canada

1:30 AM MDT | May 28, 2014 | Natasha Alperowicz

Stolt-Nielsen announced today that its liquefied petroleum gas (LPG) unit, SunLNG Holding, and LNGaz have agreed to form a new start-up focused on developing small-scale liquefied natural gas (LNG) liquefaction and logistics services at Bécancour, PQ. The new joint venture, Stolt LNGaz Ltd., will have a Canadian operating subsidiary, Stolt LNGaz Inc.. The transaction represents an initial investment of $20 million, with Stolt-Nielsen's LPG unit owning 50% of the venture.   Stolt LNGaz intends to provide clean-burning natural gas to remote...

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