NetworkNewsBreaks – Petrogress, Inc. (PGAS) Cont

NetworkNewsBreaks – Petrogress, Inc. (PGAS) Continues to Advance in the Oil and Gas Industry

Marine transport and offshore services company Petrogress (OTC: PGAS) has employed a winning vertical integration strategy in the oil and gas industry, and aims to engage in leasing liquefied natural gas (“LNG”) tankers in the future. An article discussing the company reads: “At some point, Petrogress plans to begin leasing LNG tankers to enter this lucrative market. It has incorporated a subsidiary in Delaware – Navigas Carriers Inc. – specifically to manage its natural gas activities. A sister subsidiary – Petrogress Oil & Gas Energy Inc. – has been incorporated in Texas to handle trading and logistics. The company is actively seeking opportunities in operating and developing natural gas production and transmission facilities along with LNG processing in the U.S., as well as refinery operations in North and West Africa and the transport and sales of LNG in Europe.”

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