Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers

LONDON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint venture owned 50/50 by Navigator and Enterprise Products Partners L.P. at Morgan’s Point, Houston (the “Export Terminal Joint Venture”), previously announced on November 15, 2022, with additional information on March 9, 2023 (the “Expansion Project”). Navigator Gas further announces an agreement to acquire three handysize ethylene carriers for a total purchase price of US$ 83.9 million, complementing the increased export capacity from the Export Terminal Joint Venture.

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