Offshore Technology · April 16, 2026 (Apr 16) · 1 min read

I Squared to buy Spire’s gas storage assets for $650m

Analysis

OilCyprus Editorial

I Squared Capital is acquiring Spire's natural gas storage assets in Wyoming and Oklahoma for $650 million. This acquisition signifies continued investment in critical midstream infrastructure and highlights the value placed on natural gas storage in ensuring supply reliability.

Key Facts

I Squared Capital is the buyer, a US-based infrastructure investor.
Spire is the seller, divesting its natural gas storage facilities.
The transaction value is $650 million.
The assets are located in Wyoming and Oklahoma.

Market Impact

This deal reflects ongoing consolidation and investment in the midstream sector, particularly in natural gas storage. It suggests confidence in the long-term role of natural gas in the energy mix, especially for balancing supply and demand fluctuations. The acquisition could lead to improved operational efficiency and further investment in the storage facilities under I Squared Capital's management.

Why This Matters for Cyprus

This transaction demonstrates the continued importance of natural gas storage infrastructure for ensuring energy security and reliability, influencing investment strategies and asset valuations within the oil and gas industry.

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