Pivotal LNG and WesPac Midstream LLC selected to serve TOTE's LNG vessels in Jacksonville, Florida Monday, Feb 10, 2014
Pivotal LNG, Inc., a wholly owned subsidiary of AGL Resources (NYSE: GAS), and WesPac Midstream LLC (WesPac) today announced they have been selected by TOTE, Inc. to provide liquefied natural gas (LNG) to fuel TOTE's two new state-of-the-art container ships in Jacksonville, Fla. TOTE's new dual fuel LNG container ships are expected to be delivered to the port in Jacksonville in late 2015 and early 2016.
To move forward on this project, Pivotal LNG, Inc., WesPac and TOTE have signed a letter of intent and are working toward definitive agreements. While there is still work to be done, Pivotal LNG, Inc. and WesPac plan to work together on this project to create a joint venture which will develop a new liquefied natural gas plant in Jacksonville, Fla.
"We are very pleased to have been selected by TOTE to supply their two new LNG container ships. We look forward to working with TOTE and WesPac to develop opportunities that help meet the growing demand for LNG as an alternative fuel solution in the Jacksonville area," said Stephen Cittadine, president of Pivotal LNG.
AGL Resources, the parent company of Pivotal LNG, has more than four decades of experience in providing customers with clean, abundant, cost-effective LNG fuel. AGL Resources is one of the largest operators of liquefaction facilities in the nation primarily through its distribution utility operations that use the LNG facilities for peak-shaving services for customers when demand is highest.
In addition, Pivotal LNG owns and operates a merchant LNG facility and sells LNG wholesale to truck fleets and other high horsepower engine operators.
"With access to multiple LNG supply locations and its merchant liquefaction facility in Trussville, Alabama, Pivotal LNG is uniquely positioned to offer consistent fuel supply and flexible solutions to businesses looking to make LNG their fuel of choice," said Cittadine.
WesPac is a private energy infrastructure company with several small LNG facilities under development in North America. WesPac LNG projects are focused on high-horsepower engine applications including oil-to-gas fuel switching in power plants, commercial ships, railroad locomotives and trucking.
In late 2012, TOTE Inc. announced plans to build the world's first LNG-powered container ships at NASSCO in San Diego. "These new innovative, environmentally friendly Jones Act ships will provide decades of reliable and environmentally superior service to the people of Puerto Rico," said Peter Keller, EVP of TOTE and project lead for the TOTE LNG programs. "We are pleased to be partnering with Pivotal LNG and WesPac in this innovative LNG development and look forward to continuing to develop LNG as an alternative transportation fuel."
