Sawgrass LNG & Power receives strategic investment from Énestas
What's the deal? Sawgrass LNG & PowerDealroom has a profile for this one. Try Dealroom → has entered a strategic partnership with Mexico-based Énestas, which will provide capital, LNG transportation and storage equipment, and downstream operating expertise.
What will it fund? The partnership supports the development of Sawgrass LNG & Power's Harborside Terminal and Project Seawolf, a planned liquefaction and marine bunkering facility at the Port of Galveston.
What's next? The companies plan to begin LNG distribution by truck while Project Seawolf is under development, serving marine fuelling, virtual pipeline customers, industrial users and exports across the Gulf Coast, Latin America and the Caribbean.
The signal: The agreement combines Énestas' LNG infrastructure and operating expertise with Sawgrass LNG & Power's project-development capabilities as the companies pursue downstream LNG opportunities in North America.
Read more: EIN Presswire
Image credit: The White House
