Acquisition announced

Flogas Britain, one of the UK’s leading LPG, LNG and alternative energy suppliers has announced its acquisition of Portal Gas Services from administrators KPMG.

 

Portal Gas Services was part of Nottinghamshire based T Baden Hardstaff. While the company’s main business was road haulage and fleet maintenance for commercial vehicles, the Portal Gas Services division specialises in the supply of Liquefied Natural Gas (LNG) and has developed Oil Ignition Gas Injection dual fuel technology for commercial vehicles.

 

The acquisition will see Flogas strengthen its position in the LNG market, expanding its transport capacity and increasing Flogas’ network of refuelling stations. As part of the deal, Flogas will continue to supply Portal Gas Services’ customers.

 

LNG is produced by liquefying natural gas to a point where its volume is 1/600th of its volume in a gaseous state, making it easily transported to large businesses not on the national grid. The LNG market is expanding rapidly in the UK as large off grid businesses increasingly become aware of the huge financial and carbon savings that LNG offers over oil.

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