LNG Central Announces the LNG America Initiative
HOUSTON, June 10, 2013 /PRNewswire/ -- LNG Central announced today the commencement of its "LNG America Initiative," a platform designed to provide LNG to domestic markets as a clean and economical alternative fuel choice to petroleum. LNG Central will develop infrastructure and obtain LNG supply in order to provide LNG to marine users for bunkering fuel and to domestic users for transportation fuel for high horsepower engines.
As part of the LNG America Initiative, LNG Central will form a new company to own and operate the logistics infrastructure needed to deliver LNG to domestic markets when and where it is needed.
LNG Central has signed a letter of intent with Cheniere Energy, Inc. ("Cheniere") which sets the framework for Cheniere to arrange LNG supply for the LNG America Initiative and become an investor in the new company, subject to mutually agreeable terms.
"Through our LNG America Initiative, we will develop the infrastructure and logistics needed to become a major new provider of LNG to domestic markets," said Keith Meyer, CEO of LNG Central. "Using America's abundant natural gas supply to fuel American engines is just good business. Cheniere's interest in our LNG America Initiative represents a key building block in the development of our platform and the securing of LNG supply and we look forward to building the relationship and exploring opportunities."
LNG Central is a registered d/b/a of Sunthenoil LLC, a Texas Limited Liability Company focused on the development of petroleum alternatives for fuel and other uses. For additional information please email: firstname.lastname@example.org
Cheniere Energy, Inc. is a Houston-based energy company primarily engaged in LNG-related businesses, and owns and operates the Sabine Pass LNG terminal and Creole Trail Pipeline in Louisiana. Cheniere is pursuing related business opportunities both upstream and downstream of the Sabine Pass LNG terminal. Through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing a liquefaction project at the Sabine Pass LNG terminal adjacent to the existing regasification facilities for up to six Trains. Cheniere has also initiated a project to develop liquefaction facilities near Corpus Christi, Texas. For additional information, please refer to the Cheniere Energy, Inc. website at www.cheniere.com.
SOURCE LNG Central