SOURCE: Eagle LNG Partners

Eagle LNG Partners

May 17, 2016 16:12 ET

Eagle LNG Begins Construction of LNG Plant in West Jacksonville, FL

Facility Will Supply LNG to Crowley Puerto Rico Services, Inc. (Crowley), to Be Used in Their New LNG-Powered Commitment Class Ships for U.S. Mainland to Puerto Rico Trade

JACKSONVILLE, FL--(Marketwired - May 17, 2016) - Eagle LNG is pleased to announce it has begun the construction process for a natural gas liquefaction plant in West Jacksonville, FL. The state-of-the-art facility is slated to be operational and producing high-quality liquefied natural gas (LNG) by early 2017. It will have a capacity of 200,000 gallons per day (87,000 gallons per day initially).

Beginning in early 2017, the plant will supply LNG to Crowley to be used in their new LNG-powered Commitment Class ships for U.S. mainland to Puerto Rico trade. The facility has production capacity beyond Crowley's needs which will be available for sale to both domestic clients in the Southeast, and island customers looking for containerized LNG supply.

"This project represents another example of how our customer-first approach, unmatched industry experience, and an innovative vision is helping our clients meet their fueling and environmental needs," said Dick Brown, CEO, Eagle LNG. "LNG produces fewer emissions and is an overall cleaner fuel than sources like diesel and heavy fuel oil, which helps companies improve sustainability efforts and meet regulatory mandates within a sound economic framework."

"This is a very important and welcome development for Crowley and for the Northeast Florida region as a whole," said John Hourihan, Crowley senior vice president and general manager, Puerto Rico services. "Having reliable access to sufficient quantities of LNG will be essential to our operations as we introduce our new LNG powered Commitment-Class ConRo (container / roll-on roll-off) ships to the Puerto Rico market next year. The facility will also afford us the opportunity to export LNG in ISO tanks to customers in Puerto Rico and the rest of the Caribbean Basin -- something we are already doing with LNG sourced from outside of Florida."

The LNG plant features a 1,000,000-gallon storage tank and an LNG truck loading system. The LNG plant is also designed to load LNG ISO containers for supply to nearby island markets. This is a distinct project from the previously announced Eagle LNG Federal Energy Regulatory Commission (FERC) export terminal located along the St. Johns River, in Jacksonville, which will continue to focus on export markets in the Caribbean and Atlantic Basin along with providing additional domestic LNG supply.

To support fueling ships, Eagle LNG is building a fuel depot dockside at the Talleyrand Marine Terminal on the St. Johns River. The cutting-edge marine terminal, which uses customized design technology, operates within a small footprint for bunkering operations.

About Eagle LNG Partners
Eagle LNG Partners LLC (Eagle LNG) is a wholly owned subsidiary of Ferus Natural Gas Fuels LP and privately-held by The Energy & Minerals Group, building LNG infrastructure across the United States to supply clean-burning, competitively-priced fuel for the marine, remote power, rail, oil and gas, and trucking industries. In addition to this project, Eagle LNG has pre-filed with the FERC for a proposed second LNG project in Jacksonville, FL to serve domestic markets as well as small-scale international markets. Eagle LNG also owns LNG logistics assets that are currently supporting LNG piloting activities in other high horsepower industries throughout the country. Eagle LNG is based in Houston, TX. For additional information, please visit www.eaglelng.com.

About The Energy & Minerals Group (EMG)
EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $13.5 billion of regulatory assets under management (RAUM) and approximately $9.7 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.

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