Announced
Completed
Financials
Tags
Single Bidder
Majority
Private
Cross Border
Joint Venture
Completed
United States
Friendly
renewable natural gas
compressed natural gas (cng)
Alternative Fuels
Synopsis
Chevron, an American multinational energy corporation, and Mercuria Energy Trading, a Cypriot-domiciled multinational commodity trading company, formed a joint venture to own and operate American Natural Gas and its network of 60 compressed natural gas stations across the United States in a $210m deal. "Mercuria is pleased to partner with Chevron and ANG founder Andrew West in growing ANG’s fueling network and continuing to provide a best-in-class decarbonization solution to the medium- and heavy-duty vehicle market. Chevron’s excellent reputation of customer service, and their like-minded commitment to investment in the energy transition, make them the perfect partner to expand the ANG footprint," Brian A. Falik, Mercuria CIO.
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