Alder Midstream completed its acquisition of IACX Energy.

Alder Midstream, a part of the Glenfarne Group, a privately held energy and infrastructure development and management firm, completed its acquisition of IACX Energy, which produces oil and gas. Financial terms were not disclosed. “As global energy demand grows with emerging technologies, clean-burning natural gas is expected to represent nearly half of new energy consumption over the next several decades, and demand for natural gas liquids and helium is expected to remain high as well. Alder Midstream is focused on improving existing gas infrastructure assets and constructing new projects to facilitate gas flow globally,” Brendan Duval, Glenfarne Group Founder and Managing Partner.