US-based firms Thigpen Solutions and Blue Road Solutions have merged to form a new virtual pipeline operator called Sapphire Gas Solutions, Kallanish Energy reports.
The newly-formed company can provide near and long-term supplies of liquefied natural gas (LNG) and compressed natural gas (CNG), alongside a portfolio of related solutions. It will offer turn-key siting, design, installation, monitoring, and operation of remote and unmanned fuelling systems utilizing natural gas.
The merger was announced by BP Energy Partners (BPEP), a private equity firm and owner of Blue Road, on Monday.
“A core value proposition in merging these companies is creating one of the largest natural gas solutions providers serving the oil and gas sector, utilities, industrial companies, asphalt and aggregate producers, and remote power generation installations across the US,” said Alex Szewczyk, managing partner at BPEP.
The distribution capabilities of Blue Road will be paired with the service portfolio of Thigpen to create a new player in the virtual pipeline space. The undisclosed transaction is aimed at meeting increasing demand for off-pipe gas supply and solutions.
Virtual pipelines consist of routes established to transport natural gas by truck, rail or sea, which connect areas that would otherwise not be supplied via natural gas pipelines.
Sapphire Gas will be based in Conroe, Texas, and will be headed up by Thigpen’s CEO Sam Thigpen. Justin Cordon, the current chief operating officer of Blue Roads, will take the role of chief integration officer for Sapphire. Cordon is also an operating executive for BPEP.
This post appeared first on Kallanish Energy News.