Prometheus Energy Group, Inc. Announces a Strategic Transaction Expanding its LNG Distribution Footprint in North America

HOUSTON, Sept. 27, 2017 /PRNewswire/ -- Prometheus Energy Group, Inc. ("Prometheus"), a leading supplier of liquefied natural gas ("LNG") fueling solutions and services announced that it has signed definitive agreements to acquire Stabilis Energy's LNG distribution and services business in North America outside of the Texas and Gulf Coast regions. The transaction further expands Prometheus' ability to better serve customers in the gas utility, pipeline, energy, process and remote power generation markets. Included in the transaction, Stabilis Energy will acquire Prometheus' 20,000 gpd LNG production facility in Lisbon, Utah. The terms of the transaction were not disclosed.

"We believe this further strengthens our platform providing LNG supply, distribution and technical services to customers across all of North America and specifically within the Rocky Mountain Region," said Jim Aivalis, CEO and President of Prometheus. "This transaction allows Prometheus to focus on its core competencies of providing total natural gas fuel and delivery solutions to customers utilizing LNG or CNG."

About Prometheus Energy

Prometheus is a leader providing turnkey natural gas fueling solutions to the gas utility, industrial, power, pipeline and energy sectors in North America resulting in reduced fuel cost and environmental footprint for customers. The company is integrated across the natural gas supply chain from LNG & CNG sourcing, distribution, logistics, onsite equipment and field support. A pioneer in the industrial LNG market, Prometheus is recognized for its industry leadership and execution track record of over 125 successful customer projects. Prometheus Energy is privately held and headquartered in Houston, Texas. For more information, please visit: www.PrometheusEnergy.com

Contacts Prometheus:
Jim Aivalis
(832) 456-6500

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SOURCE Prometheus Energy