InfraVia-backed Molgas Energy to acquire Gasnor from Shell for $222m.

InfraVia-backed Molgas Energy, a provider of natural gas solutions, agreed to acquire Gasnor, a distributor of natural gas, from Shell, an oil and chemical group, for $222m. “Gasnor has pioneered the development of the small-scale LNG business in Norway, like Molgas did in Spain, and has built a robust portfolio of Bunkering and Industry clients backed by high quality infrastructure with the highest safety standards. Gasnor and Molgas have similar stories, yet their footprint and expertise are very complementary for the future. It is a great addition to the Molgas platform, and we look forward to working with all of the Gasnor team to further expand small-scale LNG, biogas and hydrogen infrastructure across Europe," Fernando Sarasola, Molgas CEO.