Molgas completes acquisition of Prima LNG Irish unit

Molgas has finished buying Prima LNG's business in Ireland, LNG Prime reported. The purchaser is a European small-scale LNG company. It is supported by InfraVia, a French investor in infrastructure funds. The transaction adds to Molgas's LNG operations across Europe.

The acquisition covers Prima LNG's Irish activities, which are now part of Molgas. LNG Prime said the deal has closed. The report describes Molgas as a European player in the small-scale LNG sector. It also names InfraVia as the company's backer and as a French infrastructure fund investor.

For Molgas, the purchase brings an Irish business into its existing European LNG platform. The company's work is in small-scale LNG, according to the report. The acquisition is presented as a further expansion of that platform in Europe. Prima LNG's Irish business is the asset that changed hands.

The completion of the deal means the Irish operation is now owned by Molgas. LNG Prime reported the transaction. The Irish business of Prima LNG is now part of Molgas's platform. The acquisition was completed by Molgas, which is backed by InfraVia, a French infrastructure fund investor.

The move leaves Molgas with a broader European footprint in small-scale LNG, as described by LNG Prime. InfraVia remains the French infrastructure fund investor behind the company, according to the report. For the small-scale LNG sector, the transaction places another European business under a platform backed by infrastructure investment. The Irish business of Prima LNG is now part of that platform, which is Molgas's European LNG platform.

Source: LNG Prime