Sector News

Parallax Energy Establishes Headquarters in Global Energy Capital

October 24, 2014
(BUSINESS WIRE) – Parallax Energy, a new partnership formed with experts representing every aspect of the liquefied natural gas chain, today announced the opening of its worldwide headquarters in Houston, Texas.
“There is no better place to center our business than the global energy capital,” said Martin J. Houston, founding partner and Chairman of Parallax. “Throughout my 30 years in the industry, I have spent much of my time in Houston. It makes sense for us to be in the best place to connect with other industry leaders and investors.”
“My partners and I have been involved in many of the contemporary liquefied natural gas (LNG) projects developed globally in the last 20 years, and we are excited to launch that expertise in new ways,” added Houston.
Parallax currently has LNG projects and a gas supply and trading business in development, and they have formed strategic partnerships with world class industry operators. Through their upstream partners, Millennial Energy, they have been active in the exploration and production sector and are continuing to look at additional investment opportunities.
Martin Houston formed Parallax after retiring as Chief Operating Officer and Executive Director from BG Group plc, a top FTSE company headquartered in Reading, England, where he is largely credited with creating their world-leading LNG business. He managed all forms of enterprise for BG Group in over 40 countries and spent 15 years abroad, living in Trinidad and Tobago, Singapore, the Philippines and the United States. He was named the first ever LNG Executive at CWC’s Twelfth Annual World LNG Summit in Rome, Italy in 2011 (CWC is an international organization that organizes world renowned energy industry conferences). Houston recently joined the Boards of BUPA and CC Energy as a non-executive director and was appointed by Pine Brook Road Partners of New York as a senior advisor.
Parallax Energy’s worldwide headquarters is located at 1201 Louisiana, Suite 580, Houston, Texas 77002.
Source: Parallax Energy LLC

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